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Gold/Mining/Energy : Zentek Ltd - ZEN -- Ignore unavailable to you. Want to Upgrade?

To: Manicpower who wrote (1506)	7/28/2013 9:57:29 PM
From: Natedog	Read Replies (2) \| Respond to of 22871

OTC? Man, you have all these exchange names. NYSE, OTC... How about you start with the TSX and TSE! Forget the US exchange. Don't need em with a global resource like this. Big boys will hunt where we live!

To: Manicpower who wrote (1506)	7/29/2013 5:34:43 PM
From: Rocket Red	1 Recommendation Recommended By muskavite Read Replies (2) \| Respond to of 22871

Hi Everyone,This was In stu numbers from 11 holes from Geol_Pro I've just finished Draft#2 of my New Resource Estimate for Zen. Thanks to all for your constructive feedback on my first draft. Here's the link to the new batch of figures http://www.flickr.com/photos/97230868@N05/sets/72157634077133716/ I've made some significant revisions in Draft #2. Still took the same general approach restricting my estimate to sweet-spots for the West and the East pipes, ignoring any graphite overprint unless it occurs within a sweetspot in which case I assume a grade of 0.5% graphite, still using estimate of $6,000/tonne for the graphite value) so again this is very conservative. The main changes are I used vertical cylinders for the pipes instead of rectangular blocks (don't know what I was thinking before - they're PIPES right?) I fixed all the errors I had made regarding which intervals from which boreholes to use for calculating weighted average grades for the sweetspots (thanks for spotting a bunch of these DonnyParks) Bottom line is, my new estimate yields (again this is only for the sweet-spots of the two pipes combined) 75 million tonnes of ore 1.6 million tonnes of graphite $9.8 billion value (at $6,000/tonne) $166 per Zen share value for the in situ resource (58.9 million Zen shares) All the best to you all - look forward to discussing this on Weds. Geol_Pro Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32663215&l=0&r=0&s=ZEN&t=LIST#2uFtrm3oMiZLLQwb.99