I don't see any reason Southern Cross Fertilizer would not push for a $2m payout again.
Recent photo did not look like any more ore had been mined, looked like plenty of ore uncovered ready to be mined.
Also trial plant looked like it had a team still working on it, lots of poly pipe out the front.
FEL in the background clearing topsoil from a decent sized area, looks like either the next pit or infrastructure area for something big.
I liked the look of the access road, all weather construction, built for long term use, good foresight.
I also noticed 2 really old dozer push test slots in the foreground. Nothing noteworthy there.
My Takeaway is they are behind in the short term, looking like another fee from royalty holder but there is evidence of long term planning and evidence of something else coming soon, either continuation of mining or construction of a much bigger plant.
CXM Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
