CCB vs ZEN truth board Message Board

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Gold/Mining/Energy : CCB vs ZEN truth board

ZEN.V 1.000

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Dec 24 9:30 AM EST

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To: mahon who wrote (695)	12/19/2015 9:33:36 AM
From: the Chief	Read Replies (2) of 12350

They struggle from day to day trying to find failures in CCB and of course will post distortion on a regular basis. They insist that we are trying to avoid CCB discussion. Actually we are not. The truth of the matter is, until the 43-101/PEA comes out, we have nothing really to refer too, other then a sweetheart deal for $13.75 million in architectural marble. ZEN on the other hand has lots to talk about. When you consider the following East Pipe 10 million tonnes Grade 5.6% for tonnage of 560,000 tons. West pipe 15.1 million tonnes 2.76% for tonnage of 417,000 tons. It makes you wonder just how much of the West pipe is above the 1.6% cutoff grade? 200K tons? 100K tons? Now factor in the recovery being no more then 76% and my initial theory that West may not be worth going after is not so far fetched. So out of the 664K tons that is now the number to work with, how many tons of that is coming from the West pipe that may never be viable? Its like I stated in Dec 2013, the pipes are too far apart and that separation may kill the West pipe in the end. When you consider that as a possibility the numbers no longer work.

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