things to think about re; expansion = the owner of the plant at...

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41 Posts.

26/10/15

16:03

Post #: 16255506
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Originally posted by rob2803 ↑

Is the glass half full or half empty, I was a bit surprised with the amount being raised but I understand that all debt has to get paid at some time. For most holders the concern would be the transparency and the dilution of the shares, but I wait until the details come out probably next week.

But we have turned the corner in that we have commenced mining and soon will go into production.

The next stage is the expansion and the company has said that they know already how much it will cost and approval processes have already started. The plant at Picton operates only six months of the year so it is deigned to double it's capacity with some modifications. Expansion of the WCP, adding more trucks and another excavator, road and port no problem.

So the cap ex for expansion I don't think will be a lot, and it can be brought about very quickly, which would double our return to $80 million per year, unless the world implodes and I do't think it will.

So you have to ask yourself where do you see the share price in
12 months
24 months
36 months

The rewards with this company is with a longer term view, And what is the company going to do after the expansion now that we have a resource upgrade build another plant at Picton ?.

Putting more product into the supply chain I don't think that's a problem.

Cheers.

Expand

things to think about re; expansion = the owner of the plant at Picton uses it for the other 6 months so no spare capacity, expansion will require land purchases I would love to be a landowner there now that the margins are public, Bunbury port definitely has limitations. Agree WCP and equip are easy. a longer life seems more likely outcome.

MZI Price at posting: 54.0¢ Sentiment: None Disclosure: Held
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