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 MLEMCon Jan 15, 2013 3:19pm

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Post# 20841542

RE: RE: RE: RE: Making Your Point

The road from here looks good from a regulatory standpoint, but the degree of dilution to current shareholders implicit in a $200MM development budget is hard to guage. That's the biggest risk now, I think.

If we can assume it's bankable, then dilution should be minimal. Selling a bit of product forward perhaps, a bit of debt, reduction in our interest if Fiji, minimal investment in east coast endeavors ( just enough to meet our required investment to maintain the claim, for example) and ta da, we would have a good bit of the required investment made. Stock price around $5.00, I'd put up with a bit of additional diltion, wouldn't you?

Hold on though, what's the possibility that a major swoops in? I'd say high.

thoughts, comments?

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