By my simple minded estimate ZEN's Albany deposit is worth at least $US 12 billion, and the PEA may increase the RE by as much as a third by some estimates. The PEA will also look at the product pricing and this could increase by as much as 350%.

So a simple sensitivity analysis would give us sp levels on a 5% and (10%) buyout

Current - $C 11 per share ($22)

1/3 more RE - $14.70 per share ($29.5)

Price Double - $22 per share ($44)

Price Triple - $33 per share ($66)

Price Double plus 1/3 more RE - $29.50 ($59)

Price Triple plus 1/3 more RE - $44.10 ($88)

Bidding War to buy ZEN - tdm (tdm and back!)

Just my opinion