Centrex began life 21 years ago as Centrex Metals, mining iron ore in SA, before switching its focus to phosphate. It is still looking for copper and gold near Goulburn. The Punter has added CXM to his watchlist. Unlike his other fertiliser plays, Australian Potash (APC), Neurizer (NRZ) and Trigg Mining (TMG), Centrex is actually selling the stuff and has positive cash flow.