Legend International Holdings, Inc

The company currently holds an initial Australian JORC code compliant Inferred Mineral Resource Estimate for a partial area of Paradise South which has been completed and reports a total of 72 million tonnes @ 17% P2O5 at a minimum cut off grade of 12% P2O5.

over 12 years ago

in response to stgecoach's message

This first step has involved a transfer of all Legend’s phosphate assets into a 100% owned subsidiary of Legend and funding via a A$7.5 million convertible note facility (“Convertible Note Agreement”) which has been injected into the subsidiary through , Acorn Capital Ltd (“Acorn”),

Pretty simple - when Paradise makes $, LGDI makes $. If they get to IPO stage, they are going to have the capability to lift phosphate out of the ground and ship it. Cash flow begins, 60-70% of the profits go to the parent co - LGDI, 30-40% stay with Paradise.

Unless we see something different in the 8-k that they are due to file.