Wengfuyoung,

Are you also going around to all the miners who used their cash to find proven gold, or oil exploration companies who used cash and actually found proven oil and claiming their share price will no go down?

Why are you ignoring my posts? I've challenged you a few times to provide in depth information rather than generic messages with no meaning. Do some real research !! I'm interested in a bear's point of view but you provide no real insight. Its no surprise re: the amount of cash they have. I want to invest in phosphate assets. If I wanted to invest in cash assets, I'd lend to the government and buy bonds. Give us some examples of miners who found proven reserves with exporation cash, no debt, and had their share price drop when they ran out of cash.

Lets take a look at Minemakers, LGDI's competitor. They have the same amount of cash relative to market cap. They also have JORC proven reserves. Many others are in the same position.

So you're saying that in the midst of one the greatest agriculture bull market / world food crisis in history, all these miners with proven reserves are going to goout of business because they're running out of cash? And meanwhile phosphate prices are going through the roof.