I spent a few days a couple of months ago going over the numbers on MZI.I have done spreadsheets of the resource tonnage and revenues,costs etc.Eventhough they have just sent $10mln product this will not put them into profit this financial year 30/6/12.If they could send the full $40 mln mentioned on 1/3/12 this will put them in profit.What I will be keeping an eye on is the sales prices which is USD1400 per tonne for the $10mln probably pre priced however illuka states prices 2011 USD2400(It depends on quality maybe)Also major share holder is also the buyer.You have Austrians,Chinese and now Japanese involved.Austrians hold the most shares and called the meeting but didn't get the vote.Interesting times ahead.
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