- Zenyatta Ventures (OTCPK:ZENYF) - 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 (NYSE: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.”