And the sp is only 0.025 cents? In a months time when mining starts and the cash starts to flow I can not see the sp anywhere near 0.04 cents considering the profits to come from selling 40 thousand tons a year. In my opinion based on expected revenue from mzi,s mining of 40 thousand tons of zircon a year mzi would have to be one of the most undervalued stocks on the asx. I guess we will just have to wait and see how much profit will be made after production and admin costs. 40 thousand times $800 =$32,000,000 minus costs if mzi can mine that much per year. So what should the sp be worth at the moment and in a month or two time and what happened to a market that prices a sp looking forward?
MZI Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held