One of the things you have to accept, whether CCB or ZEN is evolution of the project. When you are progressing at the speed of light like CCB is, the evolution is compressed and affects the timeline more often. Thats not a theory thats fact. So when you embark on a 12 month PEA to permit process. Every subtle change has implications in that timeline.
So during this evolution we have gone through the following iterations:
1) Ore shipped by rail to a processing plant in the US
2) Ore crushed and shipped to Asbury for processing
3) Ore crushed and floated in Miller and trucked to Asbury
4) Ore crushed, floated and processed at Miller.
What has caused these changes is the deposit, not poor planning. As the deposit evolved, so did the thought process and so did the economics.
In all cases above, we were always intending on quarrying Marble by next summer and Mining Graphite by next winter. That has not changed.
What created the "dead money" as you call it is the iterations of the plan and the feared orphan period. What you guys do not recognize in your own stock is the atypical pop and drops that accompany stocks in a prolonged Orphan period, In 2 years from now you will be still wondering when ZEN takes off. I am not going to express an opinion because you know my opinion, but the same dead money you see in CCB is about to occur with ZEN for a much longer period of time that you insist has occured with CCB.
Our "dead money" is in the past or will be by January.
Once we move out of the Orphan Period, you then can look at Choo Choo Glorieux's pretty chart where he decided that ZEN was leaving the Orphan period 3 years before it does. Once we produce the FS, we are officially moving out of the Orphan Period into Pre Construction. Pre Construction is where Choo Choo wanted ZEN to be, and tried to convince everyone thats where it is. He confused pop and drop with stages, which he is known for.
Stock Appreciation will occur during the Pre-Construction as we near production. So during this winter, we will see Announcements on Procurements after the Permits are issued. Permits should be issued sometime in Late January. CPTAQ has to do a dog and pony show for the Public. Assuming their is no local objections then the permit is issued.
We then go into the Pre-Construction phase, and procurement, banking etc. Once people realize we are going to be a mine, and we will be, because you are leaving yourself open for Lawsuits if you skip PFS and prove you are uneconomic, then we will start to appreciate in price.
If you want Targets, again I say that I am rather poor at stocks that are below 40c and cannot sustain 40c
So I will assume that the stock is 40c in January when we are handed the permits. Then by March it should be 53c, by June 75c, by September $1.00 by December $1.75 and by summer 2018 $2.90-3.10
Obviously that assumes a couple of things
1) Installation and startup went on without a hitch
2) Logisitics of Moving the Marble was correct and we met/meet the needs of the $13.75Million Contract
3) Startup of the Graphite Float and Furnaces is going well and we are producing our first monthly quota in early 2018
4) The price for the material averages above $20KUS or hopefully reaches my target of $30K (pie in sky $50K)
Assuming all those occur then $2.90-$3.10 moving to a final price of $4.50 per share for 1500 tonnes and 75,000 tonnes of Marble occurs at those prices.
So using those assumptions, we are slowly moving out of dead money and mid/end 2018 we should be $2.90-$3.10 heading to $4.50
As I have said from the getgo, glad I am trapped. I do realize these targets pail (pun intended) to the enormity of the $242trillion income for ZEN lol |
