Notie,
Thanks for the BNN clip.
Summary - BNN Interview with Bruce Campbell, Pres. and portfolio manager of Campbell, Lee and Ross
- he and some of his (wealthy) clients has ZEN in their portfolios.
- Market Cap at around $260M. Looks like he was using # of shares between OS of 55.1M shares and FD of 59.8 M shares, noting the difference between OS and FD is not that significant, only approx 8% (4.77M options and wts for approx $4.6M). A dilution of 8% for about $4.6M in the kitty is not bad, from now until 2018.
(My guess: more money will be raised, should be easily and probably soon, but at this share price level, dilution should not be a problem to raise a decent amount).
- Potential short term appreciation: to Mkt Cap of $500M, approx double the above Cap @ $260M. Essentially, a share price in the range of 4.4 x 2 = $8/s should be within reach.
- No bad news expected in short term: On-going drilling; 43-101 in Oct; PEA next Spring.
Overall, good impression.
goldhunter