Hi gargg, I have done my research and I also have been adding in my SMSF. I have confidence that the NT is going to be the back garden for the growing middle classes in Asia, so the fertiliser may stay in Australia. You will be aware of the level of interest by BHPB in Canada, see a recent quote below:
'The mining company is spending $3.8 billion on the Jansen project. The project’s mine shafts are expected to be complete in 2016 with surface facilities following in 2017. - See more at: http://investorintel.com/potash-phosphate-press/bhp-billiton-first-nations-sign-potash-mine-agreement/#sthash.AWUtEm8Z.dpuf'
So I am also very positive on this company. The board did the right thing by buying CEN, but IMHO the rerating will come as a result of something else.
RUM Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
