"The mineralised corridor that extends a further 22km beyond the current resource covers approximately 78km²and CEN has recently released an exploration potential for the area of 600 - 1,000 Million Tonnes at 10% to 15% P205.5."
DS,Yes these figures are conceptual only,and obviously require extensive drilling to firm up.
For me its a case of two in the bush,is better than , one in the hand. rum clearly have this large untested tonnage under their consideration. Lets not forget Krucible sold their phosphate for $12 million,we've already got a resource twelve times what they had,and it isn't reflected in the price that rum are prepared to pay currently.
Raider
CEN Price at posting:
1.5¢ Sentiment: None Disclosure: Held
