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Gold/Mining/Energy : CCB vs ZEN truth board
ZEN.V 1.1200.0%3:59 PM EST

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To: Chupacabra1 who wrote (10598)2/22/2017 10:02:05 AM
From: NLWestRead Replies (1) of 12350
 
"...It sinks or swims on this approval.If approved it goes up.If stopped in its tracks its a nickle..."

It's not quite as simple as that. They have 100% inferred resource numbers in their PEA. To prove financial feasibility to satisfy a significant funder of the project they need to do much better than that. That means a lot more infill drilling across the area (they don't seem to have had much success with the trenching). They also need to prove consistent resource quality across the area and, so far, they have had difficulties with their assays.

Bottom line, they need the quarry permit because they don't have the numbers to support financing a mine. They seem to be hanging their financial hopes on the mysterious marble contractor. What happens if that goes sideways?
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