Legend: Developing Major New Phosphate Deposits
Scoping Study Calls for $1.7 Billion Profit based on $ 400 Phosphate Rock
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Message: To much fear!
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Re: To much fear!

in response to Re: To much fear! by goldigger
posted on Nov 18, 08 09:01AM

Good write-up on Legend! With a MC of 85 mil. and 125 mil in cash

we are selling at a 49% discount to share value so in effect we

are in a half off sale in our company in a crummy bear market.

A lot of mining stocks are selling at below cash per share value

in this market because the market is behaving in a bi-polar

fashion right now just like throwing the baby out with the bath

water. When the market turns around hopefully in 2009 we

will be priced much more fairly. And along in 2009 the mine will be that much more closer to producing oue beloved phosphate.



Look at the chart below of the king symbol POT even after its 50%

haircut thiChart for Potash Corp. of Saskatchewan, Inc. (POT)s year.





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