IMO, the chronology regarding the buyout of ZEN's deposit will be different than the Chronology of the buyout of DF's Voisey Bay deposit.

Reason: The secretive graphite industry

IMO, the delay in the release of the PEA is the result of multiple negotiations ongoing with several of the companies with NDA's as others have stated today as well.

This could be the most unique (pardon the pun) and historic buyouts ever in the history of the market.

Imagine one day $1.72, next day $$$

I won't predict what the buyout will be. The PEA which we may never see will determine that.

Things will unfold differently if the PEA is released first, but either way there will be a buyout of unprecendented proportions if the PEA results are what everyone is hoping for.