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 Czicfwillgetermiton Feb 26, 2013 3:53pm

241 Views

Post# 21044860

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: I recall t

We all have our expectations and strategy to capture value on this play. For me the Price decay starts moments after they pursue debt to build out the mine. The PFS predicts $20 million profits every year. That is one extra point in interest or a few equipment failures from turning profit into a loss. The numbers just dont work for a meaningful SP imo.

I agree a buyout is the best method to extract value followed by a jv partner who will pay for the build out. Anyone who thinks CZN can do this on their own without diluting and taking on fat debt is a dreamer. Managments neglect of a valuable asset in figi with the writing on the wall should have everyone concerned. Maybe they learned their lesson.

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