Ann: Drill Testing of Port Keats Rock Salt Target, page-2

re: Ann: Drill Testing of Port Keats Rock Sal... Hmmm ... 2010 looking like an optimistic target for phosphate production. Despite the criticism levelled at a company like Legend by some of the MAK permabulls, you have to give Gutnik one thing. He has not strayed off the path of doing everything in their power to get their phosphate to market. They have not been bogged down with distractions.

Newsfeeds on Wonarah have essentially dried up.

Grains are still plumbing bottoms for a 5th wave extension of their respective Elliot Waves and I refer to corn and wheat here. Anticipate these prices to forge an important bottom in the next 3-6 months. However any optimism in the grains market will be tempered by below average balance sheets for the majority of the world's grain producers. This will limit access to credit given farm values have also deteriorated and force them to reduce input usage in 2010.

On the bullish for fertilizer demand we are starting to see governmental intervention in respect to credit availability in countries where credit is tightening up (eg India) and you would expect similar support to emerge out of other big food consuming nations like China.