why the weakness, page-3

There is a broker report on the company Australian Zircon website that indicates around $14million a year profit in 08 from memory from sales of around $42 million.

Profit the following year goes up a bit as pdoduction stabilises at name plate capacity of around 33,000 tons per annum of zircon then levels off falling slightly as the forecasted zircon price decreases 3 years out from memory. I think they get around $1000 US a ton for the zircon ilmenite and rutile combined

I am guessing it will trade on a PE of around 10 so there should be some scope for the sp to improve (maybe around 40% )based on the present companies cap providing zircon prices stay up.
No its nothing startling everybody is chasing iron ore a the moment
but this is a simple straightforward modern operation