Matchbox, you are somewhat right- silverstream are getting a good return for their pouring their money into MIZ. But it goes both ways... MIZ get to come out of the deepest hole on whether they can continue they're business. I thought miz plan to produce at 18000oz per year by December? Not sure where you got 12000 oz from. So it's 18000oz per year of which 10% (1800oz) is sold to silverstream for $400 an ounce. MIZ do make a loss by doing this, however, the remaining 90% (16200oz) is sold at market prices so it will be a big profit afterwards. And don't forget that MIZ are treating other gold ores for other mining companies so there's some more money for the company. I've said this many times- blue skies ahead for MIZ. Arrowhead predict 0.014-0.022 in just the gold production only. Now that MIZ have copper and silver to add to their sales revenue- it could probably be closer towards 3 cents in the short term (less than 12 months).
TTM Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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