dupont are happy with l88 may sign up soon

i just got a call back from MZI ...

Kieth said they are truly working very hard to secure a contract with Dupont for L88 offtake.

Dupont are happy with the product. Prices are agreed upon being Market Prices with a incentive discount for the products to Dupont.

the Options issue is for all shareholders that wanted to have a small Options mix after the 2013 Options expired .

the cash raised goes into a General working fund to pay running expenses, Trevors wages are 350k not 600k.

Bonuses are performance based, on Production Milestones only.

RCF is a 14% shareholder applying to regulators to allow a move up to 20% of MZI

RCF is backing MZI with Finance all the way until Project Construction starts.

Once the construction is approved for start up , many other opportunities to secure buyers of products opens up to MZI ..1 being from the Japanese ..that will not negotiate contracts until MZI is in production stage.

Also Mzi can then get on with expansion with its NT holdings to extend our Production Life.

7 years is the Minimum mine Life ..that can go out to 15y easily.

If we are patient ..MZI will rise from the Dust once Dupont do the Deal on Paper and Sign up for the offtake.

MZI had a fully signed offtake deal with Dupont last year,but it Lapsed when Dupont Changed management near the top and MZI contracts had to be re negotiated.

Now we are waiting on Dupont to Sign off on the Deal again
could be any day or week now.

so im Holding LT .. as when this Project gets Up and Going it will be very Profitable and fantastic for the sp.