Good post! I like the numbers, and hopefully they will be in the ballpark. I think these numbers will be useful once the market believes ZEN will be able to sell it's product to end-users.

Everything I've read, leads me to believe that there is a significant amount of science, processes, and time involved to extract graphite from the ground and get it into end-users products.

Right now, with Dr. Chahar's guidance, ZEN is trying to prove itself to end-users and build a brand. And not just a brand for average Joe's, its trying to build a brand with scientists who are pursuing better, faster, stronger, etc...and they will question and prove every minute detail, or claim. This takes time...it also creates a lot of risk. Eventually, these scientists will tell us what ZEN is worth.

Currently, ZEN has the highest market cap of all graphite companies in Canada (there are some that are even producing graphite i.e. FDR). Why? I believe it is because the market see's that it has the best chance at succeeding (many factors). 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.

Eventually, these scientists will tell us what ZEN is worth. Good or bad...lookout! :)