Patel,

I'm sure miners are as capable as any on this board of making the calculations :)) but they don't have the connections to the end user.

That is what AE is doing, connecting the dots between ZEN's graphite and the people who will pay for it, the end users.

IMO, once it is disclosed who the end users will be and what they are willing to pay for it then the fun will start.

It is possible that we will get an offer before the PEA but I'm not holding my breath.

In the absence of an offer (from anybody) I'm expecting a sort of coalition between ZEN and a miner, with the miner buying in a percentage (a-la DFI) and we go from there.

All will be revealed in the fullness of time.