MZI 0.00% 1.6¢ mzi resources ltd

mzi a star stock for 2012, page-34

  1. 2,883 Posts.
    I have gone through various announcements over the past 3-4 years and I recall seeing a forecast for lethbridge south revenue for $15-20 million. We would assume MZI were making a profit on this revenue otherwise there wouldnt be any point in doing it.

    This revenue has now jumped to $40 million with the surge in mineral sand prices. There must now be a very good margin in this imo and recent announcements seem to confirm this.

    The company is paying off $4.5 million loan from this revenue to Doral so that cash would be part of the profit. This $40 million is to turn this into a several hundred million dollar company with Keysbrook and Kilminaraka to come online in the next year or so.

    This is just the beginning guys.
 
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Currently unlisted public company.

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