RE: The Triumverate Caldude that is quite a read. I wonder why Cliffs would meet them, possibility of a cash injection? Early, pea, earty open pit?
I remember this one company that found mass nugget of gold approx 1KM below surface, they were able to open pitt the project with mega security and double barb wire fences. They went from stating they had found the gold, to starting open pit mining 4 months later.
Not all companies can pull gold so close to surface, usually deposits are approx 700-1000 feet +
Being that is said, it looks like ZEN can pull this all out via open pit.
Even if Cliffs scratches ZEN's back they can repay them when Warrants are exercised. I think in some way by what Cal said, the CEO expected the SP to already be over $1.