| | | From Stockwatch.com:
"Aubrey Eveleigh's Zenyatta Ventures Ltd. (ZEN), down six cents to $1.03 on 37,000 shares, has produced a "larger market sample" of high-purity graphite produced from rock taken from its Albany project in Northern Ontario. Various global corporations and academic institutions will get some of the sample for application testing under a non-disclosure agreement. The samples will be used to provide "further validation" for lithium-ion battery, fuel cell and graphene applications. (Those various global companies and universities must make do with small amounts of material, as the total sample weighed just 57 kilograms.)
Mr. Eveleigh, president and CEO, says his company is developing the Albany deposit, but Zenyatta has done little but promote the project and its potential to generate high-purity graphite for specialty users since it rolled out a preliminary economic assessment in mid-2015. The dream sheet called for the company to mine 21 million tonnes of rock averaging 4.05 per cent graphite over 22 years in a $411-million mine. The study pegged the discounted net present value at a hefty $438-million after taxes despite the modest size and grade of the mine, mainly because the company expects to average $7,500 (U.S.) per tonne for its product. (Many of Mr. Eveleigh's rivals have the same idea, and some of them have significantly better starting grades.)"
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