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Gold/Mining/Energy : CCB vs ZEN truth board
ZEN.V 0.930+6.9%3:52 PM EST
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To: GMPInvestor who wrote (2872)1/16/2016 2:40:35 PM
From: the ChiefRead Replies (1) of 12350
 
So you know have to ask why ZEN is in a longterm downtrend with failed fibonnaci retraces

1) ZEN has not started the PFS, the PFS is the "Time ZERO start point for production in 5 years"
2) ZEN does not have any comments from ANY of the 35+NDAs that support any "good findings" from their sample program in 3 years of handing out samples.
3) ZEN does not have a functional flow sheet for use in production
4) ZEN has not proven that it can do a Production throughput using Caustic Bake. That initself is a concern because NO ONE has been able to take Caustic Bake from Pertri Dish to Production
5) Add in the fact that they do not have a baselined Flow sheet yet and you have triple the concern
6) ZEN has recovery that at best is 76% which means the use of 1.4million is a Disinformation PUMP. This does not even include the cutoff. As is they lose 24% of the 1.4million assuming ALL was recoverable and its not. So 1.4million with a .6% cutoff is decreased by 24%. So the actual amount with NO Cutoff change is a loss of 336,000 tons. That means with a 76% recovery and a ".6%" cutoff the 1.4million is actually 1,064,000
7) When you apply the cutoff of 1.6% which cannot be trusted nor can the recovery (No production test to verify) then you remove everything below 1.6% which reduces your ability to reclaim to 664,000 tons
But wait there is more
8) If you look at the West pipe, if you apply the same cutoff you will notice that it drops like a stone. This would make the entire west pipe non recoverable.

So now you know why ;
1) $1.6million is being alloted to met work which is not being done yet
2) Why drilling was demanded by RPA and is not started yet
3) Why none of the 35NDAers will lend ZEN money
4) Why the PFS has not started and may not start "Ever"
5) Why ZEN will not answer phonecalls from anyone but the 14
6) Why the company is totally silent.
7) Why no one believes ZENs pricing sheet because the price for both Li-on and Fuel Cells require pre treatment to get those prices and the costing does not allow for pre treatment. Also no one is paying those prices for 99.9% Graphite.
8) The reason you are not progressing with the PFS is because the deposit is not homogenous at all. Unless of course you consider 90% to 99.94% homogenous.
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