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Gold/Mining/Energy : Zentek Ltd - ZEN

ZEN.V 1.190

-1.7%

Jan 16 3:58 PM EST

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To: Claude Cormier who wrote (2883)	9/3/2013 11:29:03 AM
From: Glorieux	Read Replies (1) of 22856

I do realize that Claude but the Roth report only had production at 26k tpa and a RE of 13M tons. IF the RE comes out over 100M tons or 7.5 times more than the Roth report, it will change the value here. I do not think it is a coincidence we are consolidating around the Roth target of $4. It is the only target anyone has put out. If we blow away their assumptions that their target was based on, then their target is obviously too low. I think we will see a double shortly after the RE is out. Time will tell if my thinking or yours was right. Respectfully, G.

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