"Why is the SP not higher? I believe the share price reflects the unknowns and difficulty of a graphite company establishing itself as a supplier to end-users."

The end users want very specific product characteristics and the Zen team is working with end users to satisfy them. It takes time and we have been told that feedback on that front will continue as with the last announcement about LIB graphite. As we achieve those product benchmarks we will know the costs to produce it. At that point we will still need to line up what committed buyers will pay for these products from the mine. I'm assuming that most of these points are now known and in the 'soon to be released' PEA. What that PEA will look like is anyone's guesss but for sure its one day closer than it was.

... Been There