RE:RE:RE:Zen OpinionOne last comment while waiting for updates.
No doubt the Albany project is worthy and unique. They are a longs ways off from building and have a lot of hoops to jump through before governmental approvals which would be years down the road. Can they do both ventures or perhaps spin off the mining portion to a new division and raise share capitol for the Albany project. What ZEN has now is looking good and the next few Quarters will be interesting to see how they progress sales and develop the product lines within the science based part of the company. Just my opinion take it with a grain of salt.
Regards
Just to give an idea of what the company expects in mining costs to start. What I did notice was a high strip ratio 6.8 overburden to be removed. Not unheard of and given the high value of the resource would be interesting for someone with deep pockets unless there are just cheaper sites out there to obtain suitable materials.
A preliminary economic assessment estimates an open pit mine life of 22 years and the production of 30,000 tons of purified graphite per year. Capital costs for the project are estimated at $262.908 million. Deeper resources would eventually have to be mined from underground.
CAPITAL COST(US$)
| Total Direct Capital Cost | Mining, Processing & Infrastructure | $262,908,000 |
| EPCM/Owners/Indirect | Engineering, Procurement, & Construction Management | $68,732,000 |
| Contingency (24%) | | $79,826,000 |
| Total Initial Capital Cost | | $411,465,000 |
Zenyatta's 100% owned Albany graphite deposit is located in northern Ontario, Canada
The product has exceptional qualities. The mine may have a 3-4 year payback. The value to the right buyer today?