mzi, page-18

Oslo,

The L70 sounds about right. Very hard to work out the Zircon concentrate mainly for the fact that Tricoastal will hit MZI up for any costs they will incur and they will want to make a fistful of money for themselves.

The L88 is a real issue and even Iluka have troubles offloading it. There are a few new Rutile sellers coming onto the market that will make this job even harder. You need to understand tht Rutile is the sand of choice.

How did your work out out that production cost, it seems low.

P