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 Feb 23, 2011 5:36pm

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Post# 18183213

RE: let's talk value

Canadian Zinc Corporation: Valuation Analysis
Reserves
Metals	Estimate Size (Tonnes)	Grade (%)	Qty (Tonnes)	Qty (lbs)	Price (US$/lb)	Total Value / metal (USD)	Inground Value (USD)
zinc	5,840,329	10.7%	625,499	1,378,966,569	1	$ 1,378,966,569	$ 137,896,657
Lead		9.9%	578,193	1,274,674,980	1	$ 1,274,674,980	$ 127,467,498
Silver		0.016%	941	2,074,501	480	$ 995,760,644	$ 99,576,064
Copper		0.326%	19,039	41,974,146	4	$ 167,896,583	$ 16,789,658
							Reserve Value (10%)	$ 381,729,878
Inferred Resources
zinc	5,541,576	13.5%	749,775	1,652,943,635	1	$ 1,652,943,635	$ 82,647,182
lead		11.4%	633,402	1,396,389,190	1	$ 1,396,389,190	$ 69,819,460
silver		0.02%	1,191	2,626,629	480	$ 1,260,781,841	$ 63,039,092
copper		0.51%	28,484	62,794,754	4	$ 251,179,018	$ 12,558,951
							Inferred Resource Value (5%)	$ 228,064,684
							Total Est. Value	$ 609,794,562
							Shares Outstanding	125,770,000
							Value ($/share)	$ 4.85

							Current Value if production starts in 2 years, discounted at 20% ROI	$ 3.10