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Pastimes : Zenyatta Free Speech Board
ZEN 77.480.0%Nov 21 4:00 PM EST
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To: LearntoTrade who wrote (14507)1/16/2017 7:54:37 PM
From: Shoto1 Recommendation

Recommended By
Gilmar1

   of 22811
 
LTT - note the accuracy levels here (chart from Sprott below) and evaluate for yourself how Tetra Tech can calculate to within 15%. They gotta have some firm numbers to work with at this level of confidence.

Note that it is "within", and they strive for less than that. The escape clause for them is that everything is "at present value and cost".

Because this is an unusual situation (opaque markets for graphite - particularly the high end stuff) they can't just guess because that's what another mine might get for theirs - and they won't tell you even under duress.

The fact that CCB is a smaller operation with no chemical detritus makes it far easier to get confidence and accuracy closer. That part of the EAs is already done.

About NDAs:

I can say that at the stage Zen was at when they gave out samples, it was for examination and research and NDAs were to protect the owners of the information compiled. I have no doubt that all the parties want more graphite samples. Why wouldn't they?

Buyout?

There's a lot of information about Albany graphite that still isn't available - ie: the West and East composite results. Before any bidding would happen there has to be virtually no doubt about all aspects from both sides....and that makes it REALLY hard for ANY graphite miner. How do you bid or ask without knowing when they are going to finish processing, and: How much should they pay for something not produced until a couple years from now - and how much will they produce?...in the case of Zen.

For confidence levels, note #2 below - so its not just Sprott here, but also RPA stating Zen needs to drill before the PFS can be done - even if its just for the pit slope in this one case (plus RPA's need for a homogenous resource proof).

Two sets of engineering firms say: Drill to enable a PFS..

Here's the confidence levels copied from Sprott:
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