Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Re: First day of the New Year - Profit taking

My conservative estimate for LGDI for 2010:

Today M/C 303.75 Mil.

Process between 500K-1 Mil. tons this year Lets say @$150 a ton.

Lets say 750K tons the avg. of above numbers.

750K tons x $150.00 a ton -7X Cash Flow =787.5 Mil. (Conservative Number)

787.5 Mil. Cash Flow/303.75 M/C= $3.15 Share

But with the JORC report and AMEX listing it should trade a lot higher.

The real fun is down the road when be start producing a lot more product.

If we go to 10X cash flow the numbers are:

750K tons x $150.00 X 10X Cash Flow = 1,125 Bil.

1,125 Bil. Cash Flow/303.75 M/C= $4.99 share this does not represent

the speculation when more investors go GA-GA for this beauty!!

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