This is were we are at today.

We have had a major attack by shorters & bashers, also a selloff by Cliffs Natural Resources and selloff by nervous retail.But we see continued small block buying by Institutional Investors at these levels.

Now Cliffs has been selling do to the BOD @ Cliffs trying to fight off the attack to take over the existing board by Casablanca.Cliff’s has initiated a .15 cent dividend by yesterday’s NR to woo investors.

I have put together a few figures that gives you some perspective of what Zenyatta Venures has.

43-101 estimate 1,418,000 tons which IMHO we are at the least double.Considering this was to 250 meters which drilling has indicated almost 400-500m & key word here is open to depth.So this comes out to a possible unbelievable amount.

The current company valuation based on share price of $1.98 is $118,671,027.

The total shares outstanding is 59,934,862.

The cost per ton of graphite in the ground $83.69 per ton

Based on $1,200,000,000 buyout $20 per share we come out to a cost of $846.00 per ton buyout valuation.

IMHO with over 20 NDA’s signed these company’s know this is one of the biggest and most profitable finds in the world.This is the reason for delaying the PEA to make sure that the companies interested have all the info need to make a educated decision on getting into a bidding war for a big money maker.

It is a matter of time before we get our first buyout offer. Probably before the PEA is released.

Dude