| | | Sorry Packman, you didn't even attempt to answer my question. You did write 2-3 paragraphs in your post, but it has nothing to do with the question.
You pride yourself in thinking independently, so let us try again.
The clarification from CCB states: "The terms "indicative pricing" and "real-time pricing" are neither industry standard nor defined terms in legislation. No spot price exists for graphite at any purity level. In addition, no mining study at any confidence level has been completed to establish costs of production, capital costs and other important economic considerations. To avoid any misinterpretation as to the value of graphite mineralization that may be hosted on the company's mineral property, all future graphite pricing information will be limited to disclosure within the Preliminary Economic Assessment."
In their NR from December 2013, ZEN states: "Mineral Resources are estimated using a long-term price of US$8,500 per tonne Cg, and a US$/C$ exchange rate of 1.0."
The only difference I see is ZEN is using the term "long-term price", while CCB used "indicative pricing" and "real-time pricing". As an independent thinker, can you point us to anywhere in ZEN releases (on or before December 2013) where they avoid any misrepresentation as to the value of graphite mineralization by providing information related to cost of production, capital costs and other important economic consideration? |
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