Corazon Mining Ltd T.CZN

RE: Groundhog Day or not?

[Czicfwillgetermit]

I think 1.25 will be reached when the permit feels like its really going to happen in stock land. I think that will be the easy part.  However, the news of permit in hand may be a sell the news event. Hard to say as many speculators will jump ship and let others play the waiting game of  mine construction or a buy out.   I really dont know how I will play it if we actually get a permit.  Maybe sell half the position and bet on a pull back before buying back.  

I still believe most people think that the risk of the regulatory phase is as great as the enviornmental  review . I disagree. The environmentall review was a minimum 36 month show stopper and most likely a deal breaker  if it went bad. The regulatory process is not a walk in the park and can cost the miner more money as its purpose is to make sure the clean air and water standards promised in the environmental review are met.  

For example in my view CZN took a proactive role by scraping the unused generators on site.  The new mine plan calls for new efficient generators. Seems like a waste at first glance but in my view serves two purposes.  It  means 30% less pollution and less fuel that can be spilled but the upfront cost is steep.  In my view a good trade and another thing management can point to about  their  commitment to meeting the standard.  

My point is management is taking their hits early to have all their ducks lined up  on game day.  It did hurt the PFS in time and money issues and share value . But the  regulatory process  can be dealt with if some money is thrown at the problem, a no vote on an environmental  review not so much.