Keyman posted regarding ZEN's "NEW PEA": Message 31695869 "Question: can a PEA and PFS be carried out simultaneously? Or does the former have to be completed before starting the latter?"
Keyman - Have you forgotten? ZEN already did that.
On Mar 20, 2015, in an attempt to defend the indefensible delays by ZEN's incredible Management Team, Choo-Choo posted:
"The PEA though is being done with some of the components being done at the PFS level. That has been NRed and is in the MD&A.
The PFS work will start as soon as the PEA is out and should not take long because much of the work has already been done".
The PEA was filed to SEDAR 4 months later (in July, 2015) and 3 years later, the flock is still waiting for the START of the PFS.
Assuming that ZEN actually files the "new" PEA by the end of this year, the flock will want to know how long it will take to complete the un-started work that is normally included in the PFS.
Let's check with the "expert" for the answers: Choo-Choo posted Mar 20, 2016 on Agoracom:
“From talking to people who work in this field and are intimate with the ZEN situation, the longest part of the process will be the hydrology study which will be a one year process itself.
There is no getting around this requirement.”
Choo-Choo also posted March 1, 2017 on the Info Board
"Conducting environmental studies (ES), completing the environmental impact assessment (EIA) document and conducting a federal/provincial environmental assessment (EA) typically takes a minimum of 2 years" (Wait a Minute here! I'm confused. Didn't he post that the "hydrology study" would be "the longest part of the process")
Let's pretend that ZEN actually completes the PEA this year, and that it gives a GO economically to the PFS.
Let's pretend that ZEN can secure the financing to complete the PFS and that it is filed at the end of 2020. What happens then?
IF the result of both the PEA and PFS were that it is economically feasible to proceed to mining, ZEN would then embark on a 1 year+ Bankable Feasability Study that would be required in order to secure the nearly $1 billion CDN needed for financing the CAPEX.
So now it is the end of 2021 or early 2022 - What happens then?
If the "new" PEA conforms to the "old" PEA, (after ZEN actually secures financing), they can start the 2+ year overburden removal and pit construction.
So now it is 2024, and ZEN has access to its graphite and can begin to commission the equipment it purchased.
Given the unavoidable delays along the way, ZEN would be very lucky to be in production by 2025.
But Fluffy Fenton posted the following just over 2 years ago:
Mar 18 – 2016 Agoracom “Albany will be in production in 2018. Federal government wants it. Provincial government wants it. End users want it. The world needs and wants Albany graphite”.
And Choo-Choo posted both of the following:
July 29 2015 - I suspect we will know within a few months as they will have to fast track ZEN to have product by summer 2017.
AND
Mar 9 2016 - Production in 2018...But the bashers said 2021 at the earliest?? ROTFLMAO
Choo-Choo???
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