Corazon Mining Ltd T.CZN

Primary Symbol: CRZNF

Metals & Mining Industrial Metals & Minerals

Corazon Mining Limited is an Australia-based mineral resource and exploration company. The Company is an explorer advancing the Lynn Lake Nickel-Copper-Cobalt Sulfide Project in Manitoba, Canada, as well as the Mt Gilmore cobalt-copper-gold (Mt Gilmore) and Miriam nickel Sulfide projects (Miriam) in Australia. The Lynn Lake Nickel-Copper-Cobalt Sulfide Project is a significant Class-1 nickel resource. The Mt Gilmore Project is located 35 kilometers from the city of Grafton in north-eastern New South Wales. The Company owns an 80% interest in Mt Gilmore. Mt Gilmore is focused on multiple rare, cobalt-rich sulfide deposits, similar to Cobalt Ridge. The Miriam comprises five Prospecting License applications (P15/6135 to P15/6139 inclusive) and is located approximately 10 kilometers south-southwest of Coolgardie on an ultramafic trend, which hosts Auroch Minerals’ Miriam and Nepean Nickel Deposits.

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Corazon Mining Ltd

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Comment by johnathamiltonon May 19, 2011 4:32am

386 Views

Post# 18598596

RE: RE: RE: RE: RE: RE:don't be so quick to critic

"If one were to adjust the analysis by ignoring the inferred resource (which is just a guess) and taking into account the permitting risk and financing and operating costs of the mine, I think that the $2.99 per share quickly devolves to
.90, or about where the market has the shares pegged."

You're welcome Koufax... clearly we disagree on the final value - but that's why this is a market - we evaluate the risk to reward ratio differently.

Just to break down the numbers though, by valuing the reserves at 10 cents on the dollar, this does take into account operating, financing and other development costs (as crude an estimate as it is - admittedly). In this model the inferred resources only account for about a dollar. So the market is giving this company a 50% chance of making it to production.

Good luck in your investments.

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