cheers John, "Ardmore is one of the very few undeveloped...

cheers John,

"Ardmore is one of the very few undeveloped high-grade phosphate rock projects in the world, and presents a fast-track development opportunity for Centrex"

"Upon transfer of the Mining Lease from SCF, Centrex will immediately commence further drilling, engineering feasibility and environmental studies. A targeted 2-year timeframe is set to gain environment approvals for mining and complete a feasibility study ready for raising project finance. The limited processing equipment required for the project is expected to be in the form of mobile/modular units, and given the outcropping deposit a mining pre-strip is not expected, meaning a relatively short execution timeframe"

the company really need to focus on lining their ducks up.

26m in cash, get on with it.

The fact that they have indicated oxley studies would slow in favour of Admore is a good sign, it shows they at least know which duck is at the front of the que.

That timeline needs to be addressed, perhaps being conservative as having their hands full with oxley.

Its a new acquisition, and maybe just a conservative dart on the board.