CCB vs ZEN truth board Message Board

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Gold/Mining/Energy : CCB vs ZEN truth board

ZEN.V 0.880

-2.2%

Feb 10 3:59 PM EST

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To: helo4 who wrote (4740)	3/6/2016 12:47:52 AM
From: RuddyMongoose	Read Replies (1) of 12350

Message #4740 from helo4 at 3/5/2016 9:00:12 PM Off course the company has done significant drilling...it was a bust so the tactic then was to go to trenching. Given that the CCB PEA is all on inferred, and given that the regulations say that inferred resources are not allowed in PFS and beyond, how will the company move those inferred into a measured category, and at what cost. As stated in the CCB PEA, the property has veins and pods. I don't think CCB intends to do a PFS because it will be too costly to prove up the resource beyond the current inferred status. They cannot discuss the size of the resource without a 43-101 resource estimate so I believe their strategy is the rolling resource. They will never define their resource. They will try to generate a cashflow and hope EPS will define the share price. It's another example of CEO Duncan's attempts to ignore conventions and do it his own way. Only time will tell if he succeeds. I personally believe that the Miller property will not be economically viable because the graphite "costs to market" will make profit very elusive.

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