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