"In summary, ZEN has (a) a good size deposit; (b) good head grade in a low range which makes it easier to separate from the impurities (Ref: Interview with Dr Ian Flint of Elcora); (c) it can be processed to very high quality graphite suitable for high end batteries. Potential suitors already know all of those factors, they don't even have to wait for a PEA which is just a formality. If a suitor decides to strike it will strike. Those deep pockets have plenty of talented people to play with options.

Just my speculation in trying to figure out what's going on in the heads of those actors."

So the question is: If potential buyers don't need the PEA, then why haven't we had at least one bid?