Cash backed and a major Potash resource, page-33

Q. how does a junior become an industrial major without diluting the beegeezes out of its registry?

A.  With a feeder,  low capex , bulk tonnage high margin DSO cash maker.

commeth Admore - 16mt x 110/t x 50% margin ???

what does simple digging, back fill? and transport cost?

"Centrex plans to develop a phosphate rock export operation at Ardmore to supply the nearby Asian and Australasian markets. With the bulk of the export market coming from North Africa and the Middle East, Ardmore will have a large freight advantage to these markets. Ardmore’s already high phosphate grade means processing costs will be lower than the majority of producers that require significant beneficiation to reach export grade levels. The deposit outcrops and is very shallow with the target phosphorite unit hanging wall and footwall average contact depths being 8.3 m and 12.0 m respectively based on drilling to date, indicating favourable shallow open-cut mining operations. From historical bulk sample excavations at the site down to 10m using a D9 dozer, the mined material is expected to be “free-dig” without the need for drill and blast. The Morocco 70% Bone Phosphate Lime (“BPL”) phosphate rock contract benchmark in October was $US 110/t free alongside (“FAS”), and is forecast to hold over the long-term (World Bank Commodities Price Forecast October 2016)"