projected valuation when production starts, page-4

January 18, 2011

Centaurus Metals Focuses On Early Cashflow From Its Iron Ore Operations In Brazil.

By Thomas Jones / www.minesite.com

Centaurus Metals arose out of the April 2010 merger between the ASX-listed duo of Glengarry Resources and Centaurus Resources Limited (CUR). The former was cash-rich and asset poor, while the latter had plenty of assets but not much cash. It was a nice fit, and the deal went through, with CUR shareholders receiving eight Glengarry shares for every CUR share held. Glengarry's managing director Darren Gordon became the managing director, while and CUR's Mark Papendieck became the new General Manager of Commercial Operations.

Once all the paperwork and box-ticking had been done, and all the legal fees paid, what emerged was a Brazilian-focussed iron ore company with a twin-track development strategy. This strategy allows for the fast tracking of modest production for domestic sale into Brazil, with a view to building up to a larger-scale export orientated operation down the line.........(continued)
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