CCB vs ZEN truth board Message Board

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Gold/Mining/Energy : CCB vs ZEN truth board

ZEN.V 1.120

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To: Zengold who wrote (4056)	2/14/2016 11:10:58 PM
From: LearntoTrade	Read Replies (1) of 12350

For the record, I have always expressed risk with CCB and Zen. Metallurgy vs. resource size. Fact is CCB is not about the size. Using realistic pricing for upgraded graphite of $20K cdn along with the marble credits. I used $4800 cost for the graphite and $44 for the marble. Capex was guesstimated at $33 million. NPV, IRR? do your math. What I get is 16 to 17 months capex payback after tax. I used 27% tax rate. So again, I don't believe this is all about a massive resource. Calculate year 1 at 1500 tonnes, year 2 at 2500 and year 3 at 3000 tonnes. How much $$$$ is in the box? Add the marble into your equations. So clearly, after 5 years and near 20K tonnes they are worth much more than 30 cents a share. Now factor in somehow a rolling resource concept. It has been done. And yes I use the word 'if', because unlike some, I'm not rumoring or stating anything for my position. I have always been upfront and realistic. More than once I mentioned the issue with vein resource estimates with some dud drill holes.

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