Purity and Type Purity and Type will be the eventual drivers of the price for ZEN...Like others have mentioned, back in January, the company issued a news release outlining the details of the hole...nothing has really changed other than the fact they have clarified at what depth they found graphite..The company has also stated in todays release
1. A number of graphite-rich veinlets and clasts from these sections were identified and isolated for further analyses. These results are expected over the next several business days.
2. The Company expects to release further news next week on more drilling presently being completed 450m east of the above reported drill holes."
The main factor for everyone to consider is that the company issued a news release on 02/29/12 to quote from the news release.
"Following up on very encouraging results from the petrographic work completed at Lakehead University, Zenyatta has engaged SGS to develop a better understanding of graphite flake size distribution, purity, and to gauge an overall recoverability of graphite to concentrate. It is anticipated that this work will take approximately 2-4 months to complete. We consider the Albany Graphite Deposit to be a very unique and exciting project. The Company is really looking forward to the SGS results."
This story is far from over...Selling today is something an investor may regret just a few short days from now...I'm happy to have purchased additional shares today...this company looks like a bargain at this price level. considering the upside..If those results come back from SGS with a high percentage of purity...today's trading will just be a small blip on the chart. This is one heck of a ride..just loving it..
Have a great afternoon fellow shareholders
Mrcashflow