Value of ZEN's resource BEFORE you hit the sell button....Do yourself a favour.
Take a look at the size of this anomoly as it sits drilled as of today.
It is at least 500m long by at least 100m wide.by at least 100m at depth. With what we already know, that we have at least 3% C and with purity # and flake size distribution the only real unknowns right now.Why would anyone give up on this play?? Vein (lump) style graphite is sold today at $10,000 per ton. I have used all LOW ESTIMATES here as well. Work it out people.
3% C is 60lbs per ton, 2 tons per m3 therefore 500X400X100X2=40,000,000 (tons of graphite)
40,000,000X60(lbs per/ton) / 2000 (lbs/ton)= 1,200,000 tons of (almost LOL) pure graphite at even $5,000 /per ton (Vein style price is generaly twice this)
1,200,000 X $5,000 = $6,000,000,000
By my rough calculations the graphite is it sits today is worth........$6,000,000,000 (count the zeros folks !!)
This does not take into concideration the cost to mine/produce of course - other companies with similar overburden quote $40-$80 per ton. This property is close to all infastucture required to make this resource work.
All this is VERY ROUGH CALCULATIONS people! Do your own DD carefully and make an informed decision. Purity & flake distribution info very soon, followed closely by Hole #6 & #7 step outs.
Good luck people ! - Paul
PS please feel free to challange my numbers because that is what is SUPPOSED to happen on a healthy BB