I wanted to expand a bit on my thinking about a partial buy in scenario. I know some people think it is a terrible idea and others are not sure. But think about what it would get us.

1) Lets say a miner like Teck for instance buys 10% stake for 20 million.

That means that the selling price would be about $3 which would immediately raise the SP to that range. This would also set off a frenzy in the financial backrooms, did they miss something, should they get in is this the white whale of the decade? yada yada yada. This prompts more buying in but we know that shares are pretty tightly held so this causes a run to over $5 or more. Whats not to like?

2) ZEN then releases PEA which is a stunner, then everyone wants in and miners start to sniff and see if they should buy. Price moves to the double digits.

3) ZEN does a PP and raises $50-$100 million and total shares out are still under 75 million, thats anti-dilution in action. Now share price pushes toward $20.

4) ZEN now has the cash for a FS and further market development. Whats not to like?

To Be Continued.