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Wednesday, Aug 28
Tiny Zenyatta Ventures +1,700% in the past year on Canadian graphite find
- Zenyatta Ventures (ZENYF.PK) - with no revenue and no earnings - has soared 1,700% in the past year after discovering a graphite deposit it says may be among the world’s most valuable.
- Zenyatta plans to release a formal geological analysis of the deposit later this year and complete a preliminary economic assessment in 2014 to find out if the deposit can be exploited profitably.
- Cliffs Natural Resources (CLF) holds a 10% stake, providing a credibility boost.
- “There are doubters only because it’s hard for people to understand the deposit," says an analyst at Industrial Minerals Data. “Its size and formation is unique.”