Ann: Increased 2016 sale volumes to major leucoxene customer-MZI.AX, page-7

interesting tituspullo, one paragraph in there makes me laugh

"The broker is forecasting the group to generate a net profit of $13 million from sales of $75 million in fiscal 2017, representing earnings per share of 7 cents. This places the company on a fiscal 2017 PE multiple of 4.5 relative to Friday’s closing price."

PE of 4.5??, Iluka closed today with a PE of 55 , know you cant compare the 2 at the moment but imho this is still vastly undervalued. there are numerous companies on ASX valued higher than MZI at the moment with no where near the near term promise MZI has.