zircon buster, page-9

long term contract for 50% of OLY's zircon from Keysbrook is locked away and all titanium is with Dupont so 85% of revenues on Keysbrook are locked in.
Keysbrook is very close to Perth so no major infrastructure issues such as GUN and others in the Mulga.

They reckon plant cost is $32m but the smart move would be for BMX to toll treat and save half of this.

If the Indonesian deal works with no cap ex and cash flow in May 06 this could give the company a real kick along.

The price keeps getting smashed as I think they have seriously annoyed a few punters , however it is relatively tightly held and someone has been quietly soaking up stock for the last few weeks.

If they can get the price up they might get the June 06 oppies away which would raise around $7m or half the cost of a wet plant.

Maybe a gradual rise to 30c on the way if they stop getting smashed.

Still only capped at $14m