I for one am excited to see Legend look beyond Phosphates and diversify its interests in Australia mining.

The phosphates will build into a rock solid predictable business over the next year or two, but it will not have any great upside once it reaches its maximum shipping capacity. (Mind you will we all be sitting on a very valuable stock at that time as well). The addition of the Diamond mines from NADL gives the stock a chance to spike if and when any significant finds are made. The Gutnicks know what they are doing and believe that the risk reward ratio is high for this acquisition.

Lets' hope that the deal closes as planned on July 27th.

Good Luck To All!