It's interesting to note that Greg Bowes of Northern Graphite (NGC) will be one of the presenter at the Berlin Conference in December 2014. NGC has also produced high-quality graphite suitable for high-end battery for EVs, in addition to the other 2 (?) companies mentioned in a previous post (Sorry, I could not find the post at the time of writing this post).

In the graphite business, off-take agreements with strategic partners/buyers containing clearly-defined and agreed price and tonnage are very important. Companies would need to show transparency to investors with respect to the details of the off-take agreements, including firm price, tonnage and the name of the partners/buyers ("confidentialityand/or competitiveness" are not good excuses, since sooner or later the information will get out). Without such a disclosure, an off-take agreement with vague description would not help the market valuation of the company. There is example(s?) to illustrate the point.

It would be very helpful if the price of $8500/tonne or greater is confirmed either in a separate NR ahead of the PEA, or included in the PEA for ZEN garphite. I would say that the profit margin would be heathy enough, even with $8500/tonne. This price may look (too?) conservative for some, but it's a safe assumption, since the only way for ZEN sp to go is... UP, if its price is higher, e.g. $10k or $15k/tonne. Again I stop a bit short of the range $20 - 40k /tonne (conservative person I am).

IMO, $10/s would be a respectable sp target. But, I would not argue with an offer of $15/s.

goldhunter