What we got... Dare to compareSo according my numbers ZEN as the equivalent of 10M oz gold deposit at 6.3g/t using $1200 gold and 45M tonnes of ore, which by the way is still open, assuming $8500/tonne graphite.
And if we end up getting say $15000/tonne for our graphite, just for comparison, that would be like having a 17M oz deposit at 11g/t, if my numbers are correct
And we or the market needs a PEA to know if that is economic? rotflmao
The resource is pretty straightforward based on the drill data and the simple the simple geology. Moreover, the Whittle resource is even more conservative and therefore robust than a standard drill data resource. So reasonable people I am sure can agree there is nothing questionnable in the resource.
So, what else do we have? The $8500/tonne figure. We know full well that a firm like RPA is not just going to pull a numbers out of their butts, and the regulators would never let them put out a number like that without something very solid behind it. My guess is it was even conservative.
And even, just for the sake of argument, we were to cut the graphite per tonne value in half, that is still a 5M oz deposit at 3.4g/t.
You might want to say, but this graphite, and we don't know how much it will cost to produce. Well can easily do comparative analysis for mining (ore extraction only) costs form other similar types of open pit mining environments, and we already know the company has said the processing is simple and relatively inexpensive off-the shelf caustic bake process. Processing this graphite will be a lot less expensive than heap leaching gold.
I will also say this graphite is unique and high value product in industry of very short supply with growing demand, very much unlike gold.
I would argue, and I bet you I am going to be very damn close, that the cost to produce those 1.4M tonnes of graphite is no more than $1000/tonne (that is $141/oz cash cost per oz gold eq at 10M ozs), and I know others would put it much lower. Add in capex, and overburdern removal, and other contingencies I would say max total (worst case scenario) $2.5B to mine 12B worth graphite.
If this were a gold deposit, it would be a 10M oz deposit at 6.3g/t assuming $8500/tonne graphite and $1200/oz gold, and you you guys would be all over this like white on rice. You think a buyer would be waiting for a PEA based on those numbers??? They bought AUR without even knowing the costs, and this in Canada, not Ecuador.rotflmao
And some of you are calling it all into question? Do you think I just fell off the turnip truck? Do really believe that smart people would sell all their shares with this kind of vlauation?
The bashers might be talking it down because they want more shares, but they ain't fooling me. Nothing else on the Venture has got anything on this, and anyone with half a brain and calculator knows it.