Developing phosphate interests in the Georgina Basin, Queensland, Australia

Free
Message: The catalysts!

The catalysts!

posted on Feb 17, 2009 07:24PM

What we need is the drill results and the 43-101 or scoping study to be done before this baby starts to fly. In my mind the biggest catalyst by far would be a signing of an offtake contract by the IFFCO and Legend for a dollar amount per tonne. Once the study is done and we have the amount of tonnes in the ground combined with a dollar amount per tonne the market can than establish a price on Legend.

For now we sit and wait the market seems to be back at Oct. levels and will probably get worse but i believe we are currently finding a bottom so it would be a good time to accumulate at these ridiculous prices.GLTA!

Share
New Message
Please login to post a reply