Well Chief I think your answer says it all. It always convenient to forget little qualifiers until someone discovers it and calls you out on it.
For example, why would you quote the capex in CAD$, the entire PEA is in US dollars. So you say you "forgot" to mention that.....Convenient.
Not sure what that has to do with anything. Yes its quoted in US dollars, but its paid in Canuck bucks. Ihave always quoted Canuck Bucks when talking about ZEN. When someone goes to finance, they want to know what they have to come up with USD is still used as the standard but, the issue is, what does ZEN have to pay back. At this point its over $600,000,000 so you should consider that a minus when confronting "whom is going to finance". If CCB is $30million US then I will be using Canuck to figure out whom that elliminates as a source of loans.
Secondly, you blast everyone for having a $5, $10 even $20 target on Zen but then turnaround and say you think CCB will have 500K tons.....and you think that is ok? Do you not see the issue? At least zen has a resource, we can't say that about CCB yet. We know there is more material below for Zen, we can't say that for CCB....granted its only conjecture as to how much additional material Zen has.
Hmm I blast people that use $5, $10 or $20 or $30 NOW as a target. Why? This is where thorough DD shows up.
To give you an example I would in fact support $5, $10 and/or $20 if the following was done.
1) A Flow sheet that consistently created 99.9+% (and here is the tricky part) ACROSS ALL FLAKE SIZES
2) Production level Pilot Plant completed and #1 still occurred
3) ZEN would show GDMS for its flow sheet and show the entire breakdown including individual flake groups if still 99.9% then I would be very encouraged
4) Provide complete data on each Fire assay across all flakes that have been done in the past and will done in the future
5) Provide complete GDMS follow up on those samples Evans Analytical charge $250 a sample So it does not break the bank
6) Sample throughout the deposit and prove the single East deposit is homogenous. Then do the same for West and prove homogenous. Then do GDMS for West to show that you can attain the above.
7) then prove that the chosen FLow sheet works as effectively on both pipes while doing the Pilot.
If that was all done, and had favourable results, I have always said, I really do not care what a company uses to purify, if it wants to use baby ducks so be it. The difference between you and I is I saw nothing encouraging in the PEA.. In fact I saw what I perceive to be a reluctance to release complete information right up to and including the PEA.
It took Mr Duncan about 20 weeks from start to finish to do all the sampling he needed to create a flow sheet. He then processed 120 tons of ore at 1/2 ton per hour. So, why after 3 years, has not achieved this milestone that would ensure financing and development?
The padding I refer to is a contingency reserve. You think it goes higher, I saw lower...again no big deal.
I am on record I believe if the project gets to PFS, it will be $40million US higher.My guess.
I know CCB has no end users because that would be a material event and have to be disclosed, same holds true for Zen. The rest of your assertions are just that guesses....you have no idea if Zen is close to something or far away and neither do I. You say NDAs arent working out, I disagree, we are in DOE study and even that wouldn't have been known if someone didnt stumble upon the fact. What else is Zen involved in that we don't know? You say Zen is promotional, I completely disagree, it wasn't AE the put out the DOE study.
So what you are saying is you have a right to speculate that the NDAs have purpose and ZEN is progressing them. Okay, then whats the problem accepting the same thing for CCB? Do you know how many NDAs any other Graphite company has at this point? No you do not, Do you know why? I will tell you why, and if you donot believe me call anyone on the VSE that is a CEO of a gold company or technology or ANY other company that signs NDAs and ask them why no one else announces NDAs?
I will tell you what he will tell you. A company that announces NDAs and promotes a position based on those NDAs is doing so out of desperation. If he does not repeat that exactly the variant he will espouse will be close.
I am not a huge fan of AE communication strategy but believe zen has the goods.
Thats your right, let me give you an example of "the goods" When you get a moment search a project called "Cerra Casale". Cerra Casale has 5billion pounds of copper and 23 million ounces of gold. It was discovered about 15 years ago. Its never been developed. Do you know why? Not economical. They had the goods, but it was not economical. Period. I believe Albany will be proven to be the same. |
