Maybe there is a small amount of optimism creeping back, I have...

Maybe there is a small amount of optimism creeping back, I have to say that I am more hopeful of some kind of a return now, than I was when the company was suspended.

Demand for product will be an important issue. Iluka Resources cut production in the March Quarter to 45% of capacity at the Murray Basin Operations. However they have also stated in their March 2013 quarterly production report that they have seen increased demand in their main markets (except Europe).

I think AZC is in the fortunate position of having links with both China (thru OZC) and to other markets including Europe (thru DCM).

The other issue that will decide the future path for the company is where the funds would come from to get WIM150 into production. If AZC intend to put in their own separation plant, it would need to be financed differently from the original Mindarie operation, which could not service the overdraft.

I'm sure this will not be the only option considered.