Value Added ProductsNRC grants are one thing. Metallurgical results are another. If everything is so rosy at ZEN, where is the evidence that they have an economic product? Still no Scoping Study....
ZEN has not shown that they can economically produce a salable graphite concentrate. Now they want to suggest that they can produce and sell "value added" products in lieu of concentrate. Nice in theory but hard to find someone who will fund a project that depends solely on value added projects....
But give them A for effort.....in the absence of bona fide metallurgy, they are spinning this as proof of economic viability. They may get the metallurgy right and fully disclose the evidence but until they do, the "red flags" are everywhere. Full disclosure is an issue in all the NR's.
Still hasn't reached the magical $1.66 but don't be surprised if certain investors are selling at this price.