The analysts are saying that China, India and Brazil will have the most demand for phosphate in the year ahead.

We still have an abundance of food in the USA, but there are quite a few under developed nations in the world that are experiencing shortages along with growing demand. Fertilizers are the answer to boosting the size of the harvests. This is a winning startegy for a company like Legend. The value equation for the purchase and use of fertilizers of all kinds is very strong, and will remain so for many years to come.

When Legend begins producing actual fertilizer products in addition to selling raw phosphate rock, just watch the margins and share price rise.

It is still a waiting game for us investors, but the risk to investing with a company like Legend is being reduced step by step.

You can't say this about too many investments today.