MIZ on the road to riches

Hi Bullish and Mitz, Im with you guys on the numbers and thought I would start a new thread, giving worse case but I believe worse case wont happen


The only way MIZ cant make a profit of over a Mill a month by Dec or early next year is if Ashley decides to give himself a Million dollar a month pay rise.

Facts. As it stands MIZ is making $180,000 a month leasing out one of their copper circuits. Another 3 clients are paying us for tolling 700 tmp of their gold ore, with grades up to 90 gpt and we get to profit share in total production from this also. Even been very conservative, the four clients should make MIZ about $500,000 a month. Keeping in mind MIZs MC is only $16 Million

Even using webrals worse case scenario figures, taking 20% off 1600 oz production a month for SS, leaving 1280 oz. then if we stay with webrals low target of $1200 oz and MIZs cash cost of $800 oz instead of $700 oz.. 1280 oz times $400 profit is $512,000 profit a month. Thats still $500,000 plus $512,000, making $ 1 million profit a month before they even ramp up, which will double these figures by early next year.

MIZ is a bargain atm, with a PE of about 1 imo. Companies PEs can vary depending on future prospects. MIZ has jorc and is digging up grades of 16 gpt from only one of their known 23 veins.

BDR profit for the last 6 months was $15 Million, market cap $380 Million
Other sectors also
Webjet profit for the last 12 months up 33% to $20 Million, market cap. $220 Million Dominos Pizza profit for the last 12 up 50% to $42 Million, market cap, over $2 Billion