Are you sure about that?
From Legends recent presentation:
Phosphate
Georgina Basin, Queensland
One of the largest undeveloped phosphate deposits in the world
–Planned 5M T annual production
-Positive scoping study shows attractive economics
–Low cost producer –US$60/T
–Quick timeline to production –mid 2010
–Minimal capital expenditure required –slurry pipeline to port
Phosphate Presentation - April 2008
amazing look at legend, page-9
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