Corazon Mining Ltd T.CZN

RE: RE: RE: RE: RE: Groundhog Day or not?

[Czicfwillgetermit]

No doubt the water license is key for long lasting share appreciation.   Without it we are an expensive rock garden.  However, Timing share appreciation to the water license is a tough call.  If all goes well we may get a recommendation early next year and the license in june.  I personally see a 3 bagger off these levels running into public hearings as not too unreasonable.  I also see holding onto those gains after a permit is  issued as possibly unreasonable.   That is where the bet is imo if are a short term player, buying the over sold condition and selling the over bought  condition.   After the dust settles and if a permit is issued  then one can figure out again if the price level justifies a new position as mine construction begins.  All Im saying is dont expect huge gains to hold just because a permit is issued . That is where many players get caught into loving a position too much.  

 

As odd as it may sound I would look at this similar to an FDA drug approval play . Most of the money is made pre approval with a small pop on approval followed by a sell off until the drug proves itself.  Basically same thing here and if the hearings look positive then the SP should rise.  Good luck