Here's a quick pick you might be interested in.
They are working on a phosphate project in Australia. No revenues yet,
but it looks promising for the future. Take a look at their presentation
Financially they are sitting nice as they had $98 million in cash, with no substantial debt.
This is on a market cap of just over $200 million, so it brings the enterprise value of the
company to just over $100 million.
Here is a 10K showing this: http://app.quotemedia.com/quotetools/showFiling.go?name=LEGEND%20INTERNATIONAL%20HOLDINGS%20INC:%2010-Q,%20Sub-Doc%201&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frid%3D12%26ipage%3D6458670%26DSEQ%3D1%26SQDESC%3DSECTION_BODY%26doc%3D1&cp=on&type=TEXT
Pretty cheap for a company that plans on being one of the leading phosphate
and fertilizer producers in the world. By 2012 they may be producing up to 5 million tonnes a year. (http://www.lgdi.net/resources/i/docs/Press%20Releases/20090729_North_West_Star.pdf) ; If they even come close to this quantity of production, then this stock is an extreme bargain here at just $0.90
Additionally, look at the insider buying that has been happening with this company.
I don't think I've ever seen a company with such active insider buying!
Just as with my GMO bet, this has to go within the speculative category of
investments, but I think it is a bet well worth making.