SInce we are in hurry up and wait mode, I will repeat what AE told me about these NPV calculations. "If operating today based on the 43-101 numbers this would be the highest margin mine in the world". The 43-101 had the selling price at $8,500 per tonne and the cost around $1,700 per tonne. OBVIOUSLY they have done multiple NPV calculations and if the numbers in the PEA prove out or improve upon the 43-101 numbers the NPV of this project is "staggering". I put that is quotes because that is the exact term used by AE himself.

Thanks I_C.

We all use numbers as an example of what ZEN could be worth. Whether the graphite supports a $700 per ton price or a $20,000 per ton price. It's obvious there is a huge value difference between $700 and $20,000 and the numbers in between. The NVP's being shared are only a guesstimate based on a certain ton price.

I would hope the delay in the PEA was to produce a higher selling grade over and above the $8500 per ton as we already had that number in the 43-101. IMO for AE to call the NVP "staggering" would mean ZEN's graphite can sell for a lot higher than $8500 per ton which would put the SP well past conservative estimates of $15 - $20.