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

To: LTGoldBull2 who wrote (2635)	6/10/2015 12:25:10 PM
From: formerTN	4 Recommendations Recommended By Canseco George69 LTGoldBull2 NLWest Read Replies (1) \| Respond to of 54355

Mark (LT) this is important! "Prices Paid/Tonne, RE's us$8500 - PEA us$7500, imo a surprise lurking for the 4th sector and that prices are not set for LiB, Fuel Cell and Powder Met. I believe by year 1 mining Chahar and Yamashito will have contracted higher than avg us$8500/t providing a big boost to NPV and IRR." Now I want everyone to have a look at the exchange rate used by RPA in the 43101!!!! www.rpacan.com Zenyatta Ventures Ltd. – Albany Graphite Deposit , Project #2156 Technical Report NI 43 - 101 – January 16, 2014 Page 14 - 20 TABLE 14 - 7 PIT SHELL O PTIMIZATION F ACTORS Zenyatta Ventures Ltd. - Alban y Graphite Deposit Overburden Pit Slope - 30° Bedrock Pit Slope - 45° Exchange Rate US$1.00 = C$1.00 Waste Cost US$3.00 per tonne Ore Mining Cost US$4.50 per tonne Processing Cost US$40.00 per tonne Process Recovery 80% G&A US$10.00 per tonne Gra phite Price US$8,500 per tonne Selling Cost US$50.00 per tonne Block Size 10 x 10 x 10 m The Whittle analysis gave a discard cut - off grade of 0.59% Cg. RPA used a cut - off grade of 0.6% Cg for reporting of M ineral Resources. The revenue factor 1 pit shell was then transferred to GEMS for open pit resource reporting and served as a limit for underground resource reporting. The relatively low cut - off grade of 0.6% Cg used to report Mineral Resources, compared to flake graphite projects, is due to an assumed market price of $8,500 per tonne Cg. Zenyatta and its technical advisors believe that hydrothermal graphite from the deposit will command higher prices than flake graphite products, based on process testwork completed in early 2012 . Bench scale t esting of the Albany graphite material using a caustic bake method at SGS Lakefield generated a product at 99.99% carbon purity with good crystallinity