Zenyatta Ventures Ltd

in response to Peter Marshall's message

If you look at the Corporate presentation, p. 15, it says RE timeline late 2013 (Nov). Originally, they wanted this out in September then late October so this is the third time they push it back. I do believe that they will deliver on this timeline as the drilling is now finished as per the last NR:

Drilling for the National Instrument 43-101 resource estimate is now complete and the company is awaiting final assays from the lab to enable an initial resource statement by independent consultants RPA Inc."

They had to push back the RE twice now mainly because the West pipe was bigger than originally thought and they found an extention to the East pipe at the Southern tip. So it is not great that they are late on the RE but they have good reasons for being late.

Aubrey still touring, was in SF and LA last week and will be in Florida this week. So with so much promotion, if we can get some end user support for what our graphite is worth per ton, we should move up fairly well. The risk reward from this point is very good IMO.

G.

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glorieux
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Zenyatta Ventures Ltd
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