Operations“Doral/Iwatani are not going away - I wouldn't be...

Operations

“Doral/Iwatani are not going away - I wouldn't be surprised to see them sieze the "corporate opportunity" to acquire at least control of MZI.”

Ok, I have been accumulating for the best part of 2012, for the long term; hence Doral gaining control at this juncture would be my biggest fear. Let’s hope the relationship stays at the “Ore Treatment” level for as long as possible.

We should not forget, the Keysbrook project alone has an NPV of $133 pa (after tax) over 7.2 years with an IRR of 71%. So even at a conservative p.e. of 5, we can look forward to a share price in the range $0.25 - 0.35 (excluding potential dividends)

I have another theory why Doral decided to pass up what was such an outstanding opportunity for them, but I need to crystallize this possibility in my mind before posting.
Cheers
Huckle