Fair enough reply from the CEO, and it's good to see he's taken the time to write to a shareholder.
But I think the problem relates to the offtake. They have been unable to sign anyone up for the Zircon and the banks won't budge until that is done. The banks will want to know who the agreements are with, the pricing mechanisms, the terms of payment and obviously the volume.
Get that done, it moves forward. Don't get it done, MZI will be raising money from shareholders and there will be some seriously pissed people on this forum.
Pep
MZI Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held