It is possible that the PEA may never become public information before a decision is made concerning the fate of Zenyatta. But I fail to see that becoming reality. Look at the trading history. With Zenyatta missing the deadlines, buying interest has faded. Almost nobody wants to take risk buying shares before knowing what we are all about. If there were a serious intent to buy Zenyatta, a suitor would be buying up to the 10% figure before they have to report and we would likely catch on that something is up. So I contend that while we have enough people who want to see what our graphite will do, nobody will show the interest in owning us until they are sure what the graphite can do.

The overwehming probability is that an eye-poping PEA has to grab everyone's attention. The graphite market is a very undeveloped arena. We badly need to penetrate the synthetic market. That market is well defined so these delays are probably tied to this work. We need to at least match the performance of synthetic. There was mention we may have bettered synthetic in some aspecs. How about bettering it convincingly? Hopefully this is causing the delay and we are successful soon. Everybody wants to see this PEA and I think it is key to our success.