The prices are consistent with the initial LGDI feasibility study where they used a DAP $445/t price.

About the number of "companies"...thats pretty standard to purchase land where you think you can find valuable resources & incorporate them as separate mining ventures. Most won't pan out at all, I don't really see them as companies. It doesn't take much to manage. You get a geotech report done at a few locations, drill some holes, hire engineering consultants to analyze the results, drill some more holes, do some more tests, get some reports out.

Land with confirmed resources under production with a factory, shipping, beneficiation plants, customers...that is a full time job. Joe can have someone manage it but he would still be responsible, as owner, for every major decision made. I would be concerned as an investor (assuming this production thing pans out) if he keeps his role as largest stake holder but does not devote his full attention during production.

I guess I just see Diamond Joe as a good (or lucky?) prospector. He's done both in the past. In the late 90s he was majority stakeholder in Great Central Mines which actually did enter production and made profits even after overhyping (the religious prophesy following ridicule). He's also sold ventures after finding minerals (Plutonic Gold Mine).

I'm just saying from his perspective he might feel like he's missing out by focusing on phosphate, during this massive overhyped gold boom tearing through all time highs. Especially since he's always been about gold and diamonds historically. Phosphate is new for him.