Amazing value here. A great ann but rather muted SP response.
Current MC is about 12ml, with 1ml cash announced in last qtrly, another USD$1m to be received on Apr30, so well over 2ml cash here. Mining already started with cashflow to start in Jul, so a minimal chance of further CR. 40000 tonnes (32ml conservative revenue estimate) & production to be ramped up in 2nd half. Has offtake & a major backing in place. Am I missing anything here, apart from the cost of production & obviously the jittery market ATM?
MZI Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held