Well if you take the 43-101 at face value, and I have seen nothing to contradict what Zenyatta and RPA released in the report then the value is even higher.

$8500 US/ton x 1,418,000 tons = $12,053,000,000/60million shares =

$200.88 US$ or about $220 per share today in Canadian dollars.

Markets are irrational I guess and if they were not it would be hard for investors to make money, because everyone would know and do the same things all the time. I think your fear is winning out. As Warren says when others are fearful, its time to be greedy. I think ZEN is still an excellent buying opportunity and one day it will be halted and the buying opportunity will be gone.