This Will Come Down to Cost per Tonne...Not trying to bash, but you should be realistic too. So far, there hasn't been anything with regards to actual cost per tonne in producing 99.97% synthetic graphite or higher.
It's one thing to say they are using a cheapter process, which they are and that process can be recycled, but what are the actual total costs in mining, extracting and finally producing 1 tonne of synthetic grahhite?
Well, not even the company knows as yet, and that is the risk here, IMO. ZEN has been a great investment for those that got in around $0.20 or even under $2.00, but it is getting riskier the higher it goes, until they get at the very least a PEA, but even then that's not enough to show actual costs.
Just to compare another story, American Manganese, which I lost money on, was touting their low grade Mn property along with their low cost method of producing high grade EMM and EMD using a low cost, recyclable hydrometallurgical process which they have now patented.
AMY's initial PEA showed great potential, yet when they produced their Preliminary Feasibility Study it showed that the low grade just didn't cut it even with the low cost process.
What was concerning to me then, and here also with ZEN is that Mickey Fulp stated prior to AMY releasing their PFS that the grade was too low to produce EMM, or EMD economically, and Fulp proved to be right.
We now have Fulp saying the same thing here with ZEN. It concerns me only because Fulp was right with AMY and just because a company is using a relatively lower cost method of extraction, doesn't necessarily mean the deposit when proven, will be economical.
Hopefully Fulp will be proven wrong this time around, but his words shouldn't be taken with a grain of salt, IMO, they should be taken seriously until the company can prove him wrong.
That won't happen for at least another 6 months or more. JMO