For those new to this thread.. I again encourage them to read this post which pretty much sums up the situation with this stock.
See "In a Nutshell" Post: 5437234
The only update to this post is they have gotten rid of questionable mgmt and replace with highly competent mgmt and have announced they intent to merge with Stirling Resources (who are already the majority shareholder) to reduced costs and improve efficency. I think it needs to be approved by SRE and MZI share holders before they can go ahead.
Also their 1st income stream from sales of Tiwi Islands mineral sands concerntrate is expected to be received next month.
So all looking good of this stock and ultimately Stirling which has other producing or near producing profitable mines. I expect after the MErge with Stirling their will be a "significant/Major" rerating of the merged entity value upwards...
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