Yes Rav me think they have 110m Loan facility, but it is quite...

Yes Rav me think they have 110m Loan facility, but it is quite important to go thru all the loan terms etc & as to how much debt is drawn how much facility is not used if we are to invest or trade this stock.

I don't think they have drawn/used any debt for the July-Sep Q.

It's also important to recognise that a successful mineral producer who transit from junior explorer senior explorer to junior producer senior producer will on its way of transition require huge about of debt, debt is not evil.

As long as production goes with plan, debt is being paid off in plan, commodity price is in favour, mineral resource updated/expanded,

Then It's a successful story

The reason why I am not buying MZI is because no big funds smart money is entering

MZI is better than ALK from zircon / mineral sands perspective but apparently ALK mc includes gold component valuation so it's bigger

BPL reminds on my number 1 target for Cobalt
MZI & STA are my top 2 watch for Zircon/mineral sands

Only holding STA.

If mineral sands industry does turn out to be turning around story, then I will run down all of them & compare all the peers

I m busy with other stocks at the moment ( or I m just being lazy tbh... )