Aug. 28, 2013, 6:02 PM
- 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.”
ZENYF vs. ETF Alternatives
Other News & PR