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Microcap & Penny Stocks : Zenyatta VS Canada Carbon Board -- Ignore unavailable to you. Want to Upgrade?


To: GMPInvestor who wrote (484)9/15/2016 7:43:53 PM
From: Fact Czecher1 Recommendation

Recommended By
GrumpyGus

  Read Replies (1) | Respond to of 603
 
Thanks for your concern GMP..

It looks like we'll be OK

You might want to re-read the Aug 29th NR a little more carefully.
CCB's PFS is already started. Completion is delayed 4 months
ZEN's PFS has not started and the start is currently delayed 15 months and counting
.
I have excerpted some parts of the NR and highlighted some of the words that you didn't understand.

“Accordingly, management made a business decision to modify the marble production timeline by four months in order to perform the necessary tasks and tests required to prepare the reclamation and mine closure plan. The reclamation and mine closure plan will be made available for public consultations to be conducted concurrently with those required by the Commission de la Protection du Territoire Agricole du Québec (“CPTAQ”) for the marble quarry approval.
The timeline to production for the graphite mine remains unchanged.”

"The Company is currently in the process of finishing its geological and resource definition models that are expected to upgrade mineral resources from the inferred to the indicated and measured categories suitable for feasibility level economic analysis. Additional trenching was needed to extend and increase the definition of the surface geology for geo-structural analysis of the Miller Project, which required an additional two months of field work. The Pre-Feasibility Study will likely require an additional two months to complete, as well. The Company’s concurrent permitting/planning model had sufficient flexibility inherent in its design such that no change to the mine development timeline is anticipated.
Subject to obtaining positive results from a feasibility study, full graphite mine production is still expected to begin on or about December, 2017."

You realize of course that if ZEN had released the last sentence it would have read:
Subject to obtaining positive results from a feasibility study, (which we haven't started), full graphite mine production is still expected to begin in 2022. And if not in 2022, it will be "soon" after.