quiet achiever which is soon to changewith pfs

http://www.proactiveinvestors.com.au/companies/news/20447/celamin-holdings-edges-closer-to-delivering-pre-feasibility-study-on-tunisian-based-phosphate-project-20447.html

Celamin Holdings (ASX: CNL) has been a quiet achiever in the phosphate sector, which is soon to change with a Pre Feasibility Study (PFS) to be delivered from Celamin Ltd within weeks for the Bir El Afou Phosphate Project in Northern Tunisia.

The project has a conceptual target of 80 to 120 million tonnes at 17-22% phosphate (P2O5). The PFS is targeting a high grade, low cost stage 1 mine development - targeting mine production by the end of 2013.

A number of investors have been active in Celamin with institutions having already acquired some significant stakes, highlighted by Commonwealth Bank (ASX: CBA) recently boosting its stake to over 6%. While Lion Selection Group (NSX: LGP) now holds 14.6% - after increasing its interest several times in 2011.