The latest ILU pricing this morning would seem to indicate my assumptions were a little conservative. It seems the zircon price has increased 300% (to $2400) not 200% (to $1800) from MZI's original feasibiltiy study estimates, so my comments below would then read: - expected revenues = ~$80m (up from $70m) per year for 8 years - annual profit = ~$24m (up from $20m) for 8 years (using 30% profit margin). I couldn't see any pricing for ilmenite so interested in posters' thoughts on whether $500/T is an accurate ballpark figure.
MZI Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
