Corazon Mining Ltd T.CZN

RE: RE: RE: Our Best Interests?

[johnathamilton]

FTT - I am inclined to agree with you on this.

After getting through the emotional response, I do think that in the long run this company has a good if not great value proposition. As a matter of fact, I picked up a few more shares at 80 cents on Friday.

My conservative estimate of the current value is still around $2.50 so it's trading at significant discount due to the risk attached to the approvals. Once those are in place, I see very little standing in the way of Teck  (or another major miner) coming in with a good offer that provides a great ROI for us from this point and a good ROI for the buyer.

I also talked with I.R. at CZN and basically the renegotiated deal is not leaving anyone in management happy, but the original financing at 90 cents was a best efforts deal (which may not have sold - my words not theirs) while the 80 cents is a bought deal and guaranteed. The other logic, is that given the volatility in the financial market, issuing the PP now puts money in the bank and is better than gambling that the price will go higher.

I hope this is helpful.

JH