Hopefully those after the quick trade are gone now and those with a longer view or thoughts of a t/o are entrying the building! Given the figures to me it looks very compelling!
Annual operating costs are estimated at about $34.1 million, or $379 per tonne of product.
Its internal rate of return was estimated at 71 per cent with a payback period of less than 15 months.
The Ore Reserve estimate features a higher than anticipated Leucoxene 88 content. Leucoxene 88 has a TiO2 content of 88% and is a highly-valued mineral sand product that attracts a premium price. Zircon, another high value mineral sands product, comprises a further 14.6% of the Ore Reserve mineral assemblage.
The Ore Reserves are based upon a Leucoxene 70 price of US$352 per tonne, a Leucoxene 88 price of US$1,166 per tonne and a Zircon price of US$1,777 per tonne.
MZI Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held