BobGreenfield wrote: Eastern, Chief has stated numerous times that his opinions have changed since those times but I'm going to respond to each of those points as if he wrote them today.
1) The company says its Vein/Lump/Hydrothermal. Its not Amorphouse and its not flake
So never ask the question again
Actually, Amorphous relates to a microcrystalline graphite, therefore, Albany graphite indeed classifies as Amorphous in it's truest technical application.
2) No we do not have a 43-101 but one is coming in the next 5 weeks. We however have calculated that there is about 1.4million tons of Graphite on the East pipe. So that is more then enough to make a mine. So. don't as that question again
Volume alone does not make a mine.
3) Do we have a market? Yes we have the same market as EVERY pure flaker out there + the possibility of being in the synthetic market and literally taking it over. So don't ask that question again
Possibly, but the low end market will be a tough sell for economics on this low grade, deep, brecciated pipe setting.
4) Aren't you thousands of miles from civilization and infrastructure. Thats what Fulps thinks?
No, we are within 30km of gas and electricity. We are less then 60km from the Trans Canada and a small town, which would grow large if we become a mine. So do not ask that question again
Sounds fabulous, however, infrastructure does not come cheap even when your relatively close to the grid.
5) Why Riddle from Asbury not like ZEN? Thats easy, Riddle will be out of a job if ZEN goes into production. We literally can sell to the end user bypassing him, in fact who the fark needs him, after all he sides with boiler room rags. So do not ask that question again please
Riddle has some knowledge about these markets, him not liking the prospect here does not diminish his knowledge of this market and it would not be wise to dismiss his viewpoint so readily. At least consider why he feels the way he does but do so without the rosy goggles on.
6) Why does NGC CEO not like ZEN. Well duh if we are procucing 99,99 or 99,99999 for far less then he can, he has NO MARKET. So please do not ask that again
Do you think he based his opinions in a vacuum? You don't have any cost analysis numbers to reference so you can hardly suggest that Zenyatta could undercut them out of the market.
7) What about the 30meters of overburden. Won't this kill the project? 30 meters never stopped Copper projects, Gold projects and Iron/Ore projects. Open pit is open pit. ZEN could throw $100million at just overburden removal and not even dent the value of the property below it. So do not ask this question again.
Once again, there is no cost/revenue analysis to cite but one thing you can be sure of is the overburden is not a trivial cost implication. Your $100 million suggestion is cringe worthy at this earliest stage of understanding the asset value potential.
8) 4-5% is a waste of time its not good enough. Strange? Nickel at 4-5%, Copper at 4-5% is done all the time. So why would you assume that something far more valuable then Nickel or Copper would not be mined. So please do not ask that question again
You keep going back to the value argument when there is no value established yet. Not suggesting it can't have great value but comparing the complex graphite space to that of Copper or Nickel is quite a stretch at this point of Albany development.
9) What so damn important about the University studies???? Well they will let us know whether thermally, electrically, etc etc whether we can replace many of the present synthetic uses. So wait for the news. Please do not ask this question again.
Critical information, no doubt, the alternative would be being restricted to catering to the low end market.
9) Where are all the offtake agreements? Offtakes cannot be signed till the companies that need our graphite test it! They are receiving those samples NOW. So pleas do not ask this question again
Has it been established that any company needs albany graphite? "Need" is such a strong word. "Could maybe use" might be a better use of words.
9) Why did ZEN wait so long to give out samples are they afraid of something? No, they waited this long because unlike CCB and others we wanted to know that we had a property with enough graphite to be a mine before we spent all this money on University studies. There is no reason to pass things around if there is not enough of it. Please do not ask this question again
In point (2) you refer to some calculations that indicate volumes sufficient to be a mine, help me understand as the two points seem to contradict each other.
10) The First Nations have not signed up for a mine, So you will never have one!! The first nations of Canada, have 3 agreements. One for exploration, which we have. Then based on negotiations (ie how many members you hire etc. They sign a second agreement for pre-production. Then if you actually produce you sign another. So please do not ask this question again till we get to pre-production.
Do you have experience in First Nation negotiations? It never seems to be as easy as there only being three levels of agreement to sign. First Nations politics is deep seated in Canadian history and culture. Cultivating those relationships never comes as easy as you seem to be suggesting, but that's just my observation of this dynamic.
11) Why is this taking so long!!!! ZEN started this drill program this spring. In about 13 months they wll have gone from a piece of property they did not own. To full ownership which they have now plus a 43-101 and a PEA. That is faster then LIGHT ITSELF! so please do not ask this question again.
The question related to drilling while your answer relates to securing the title/rights to the property, which is good in itself, as you wouldn't want the drilling to date to have gone for naught had the rights not been secured but to the question of drilling, is it simply a reflection of securing and mobilizing drills or is something else seemingly slowing things down, relatively speaking?
12) Insiders are selling!! One insider is selling he has a severe illness and will likely be leaving ZEN sometime in the future. NO OTHER INSIDER has sold ONE SHARE, PERIOD. So please do not ask this question again.
An illness might explain it in this case, the timing sure doesn't help out the optics. Seems like things have been dragging on and on and the selling definitely gives you an uneasy feeling regardless of the explanation.
13) Cliffs sold cheap!! Yes they did, so who the hell cares? Cliffs is also in deep chit with many other projects including ROF. It has nothing to do with us. Please do not ask this question again.
Did Cliffs get the value they were looking for? I guess they did alright then, maybe cheap to some or maybe just right for them, as cash is king.
14) ZEN is overpriced. That is your opinion but it is an opinion not shared by historical allocations of Market Capitalization., So at this point, it is worth $8.00 a share based on historical valuations that have been part of the VSE and TSX for over 30 years. Now I also appreciate that there has been a severe depreciation in all assets on both exchanges. So we have adjusted accordingly and suggest till more info comes out its worth $4.50-$5.00 a share
Pleas do not ask this question again. Unless you would like to discuss the matrix that ALL brokerages have used for this many years.
Can you give examples of your comparative valuations? As it stands, the numbers you suggest just seem to be pulled out of thin air. Solid valuation comparables could help support your numbers. Would you be so kind as to elaborate on those comparables?
15) If ZEN is so good why are brokerages not following and recommending it? Too easy. The VSE is full of slimy brokerages that will not recommend your stock unless you grease them. You see it every day thoughout the VSE and if you play stocks, you watch Cheap PPs handed out to these azsholes monthly. AE has chosen not to do this so is suffering their rath. If he did do it you would be complaining about Cheap PPs. So in this case do not ask the question again because you don't like either case. So there is no answer.
In my experience, it's the environment that brokerages have to work with which dictates how aggressive they will be in private placement positioning. The reluctance to pile on is more a reflection of an environment that dictates there is no need to pile on, the story doesn't quite have enough shtick at present to dictate chasing/forcing it.
16) I don't believe ZEN or its CEO or BoD, I think its all BS. Fine, do not buy the stock but this board is for people that would like to chat about there ownership. Not listen to you express your opinion that you do not like it and do not own it. Go somehwere where you can discuss stocks you own. Please do not ask this question again or be here if you are not an owner. If you are not an owner and feel compelled to disrupt this board with your senseless repetititive attack on a stock you do not like or own. You will not get any respect and further more you will be insulted as many times as we can.
I think I can hold my own, let's talk in real terms and not hyperbole.