If anything, the NR this week confirmed that we have a monster deposit that will be well over 100M tons when all is said and done. If you look at the Roth Report, they had an NAV of $10 for ZEN with the assumptions that ZEN could find 13M tons of ore. Well, we are finding 10X that amount so NAV should be $100+ because of the economy of scale here. Even when you apply the 60% discount for derisking the project, the NAV is still $40+.

This is a real monster and now big boys want retail shares since they missed the boat and so we are getting a monster of a tree shaking. The best thing to do is hold what you have (too late to sell and try to buy cheaper now, too far into the plunge) but take fresh cash and add a few shares at these great prices. That is what I will be doing.

Days like this is when fortunes are made or lost. Make sure you feel comfortable with your DD and stick to your guns.

Glorieux