Hoov, you should do some digging, I thought you were good at DD.

Why did KRN fall to 0.5% of it's NPV? Maybe the price of potash fell from $900 to under $500 when cost to mine was $400...Do you think that would squeeze margins? Do you think that helped dry up financing options?

ZEN's margins are very high in the PEA and have substantial room to move. Our financing options are wide open.

Nice try though.

Glorieux