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Gold/Mining/Energy : Zentek Ltd.

ZEN.V 1.040

-1.0%

11:44 AM EST

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To: formerTN who wrote (2639)	6/10/2015 4:05:11 PM
From: LTGoldBull2	3 Recommendations Read Replies (1) of 54385

"the import thing to realize here is that the value of the ore went up to 9375CA from 8500CA/US @ 1 to 1" you got it fTN (us$8500 = c$10425) If RPA did what I think they did in the PEA like the RE ie., usd 1 to 1 cad, then your costs are actually lower too in usd terms not just the increase in the value of the ore. Mining/Processing costs being c/o in Canada are us$2046 and if treated 1 to 1, then us$2046 = c$2046, when in actuality, mining/processing costs c$2046 equivalent costs but the reality of todays cad exchange at 81.53 to usd, these cad costs are actually lower in usd terms at us$1668 Ore at us$7500 - us$1668 = Net Profit Margins = us$5832 = c$7153 (Ore at c$9200 - c$2046 = c$7153) Just a thought, cheers, Mark (final PEA will be all telling)

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