RE:GIL on ZEN (Gold Investment Letter) A very good summary.
Note, that all GIL calculations based on East Pipe estimates only, and still are very conservative imo.
(My East/West Total RE - 80MT's at 3%) Mine Life 20+ years
The Synthetic Market (Asbury) 1.5 MT/YR, $13B/YR (Avg Price/Tonne $8666)
(ZEN Target Production 100,000 t/yr, which is a projected 6.6% of the Synthetic Market)
GIL references a Voisey's in the making, a most bullish statement in itself. If you consider the potential numbers, the statement is not hogwash. My belief is the PEA will astound the market with huge IRR paybacks but I too think we will never get to that stage, never mind the talk of ZEN actually mining this deposit.
Buy-out long before!
Cheers, Mark