With uranium prices going up and advances in more efficient processes for extracting uranium while mining phosphate offers a new lift for LGDI

Actual Uranium concentration in Phosphate rock is around 0.01 PERCENT (100 ppm).

I GOT THE BELOW FROM KELOWNA.COM

"The company plans to invest up to $16.5 million to partner up with Australian firm Uranium Equities Ltd. on its so-called "PhosEnergy Process."

The idea is to literally extract uranium out of phosphoric acid streams that are produced in the development of phosphate fertilizer.

It is a very old concept that is being revived because of a strong uranium market.

Between 1978 and 1983, production of uranium from phosphoric acid peaked at more than five million pounds per year. But in the mid-1980s, it stopped completely as uranium prices collapsed in the wake of the Chernobyl disaster and stagnant demand.

Today, Uranium Equities claims to have developed new technology that can extract the uranium at a cost of about $25 to $30 US a pound, which would be low cost compared to other new production sources. By comparison, the current uranium spot price is $45 US a pound, and the long-term price is $64 US a pound."

Uranium may be the hidden nugget that will influence more enthusiasm for getting our production underway - This may be another reason the PRC is considering investing in building processing plants

I got this link ULTIMATELY from the Yahoo financial pages