"I see the delay in the PEA as absolutely positive, especially after yesterday's news release."

I could not disagree more. I have never seen a case where it was good news that a junior mining exploration company continually delayed important news.

This is especially true when a news release announcing a delay points to technical problems that have yet to be fully conquered (as in the case of the December 2014 release) and the release does not provide a new target date.

And yesterday's release may have added a touch of uncertainty. Up until yesterday, I had the impression that many members expected ZEN to sell all its graphite to the Lithium Ion battery manufacturers. Now they are only targeting that market for 25 - 30% of their production. What about the other 70 - 75%? It appears that ZEN will have more updates soon, so we will just have to wait and see. It could be great news or not so good news.