Spottygoose, when the Chinese Govt gives the nod on the Bungalow...

  1. 211 Posts.
    Spottygoose, when the Chinese Govt gives the nod on the Bungalow JV, we may not see 40 cents again.

    Centrex has $5.7 Million in cash, a lot of exploration licences, a bunch of full time geologists and full time drilling contractors. Theses guys are actually doing something with their licences.

    Wilgerup haematite production starts in 11 months and they have a port to ship it from. I bet that the Eyre Penninsula explorers are all talking to each other about logistics, because there aren't a lot of shipping options from there. But now there is Proper Bay. If Centrex can find some partners to put some cash towards the wharf upgrade, then they will have a low cost long term mining operation.
 
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