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 Apr 04, 2013 3:41pm

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Post# 21212286

RE: RE: Added more today

Curve, I believe the PFS has long term zinc and lead at 1 dollar and silver at 26. Today we sit at about 27 dollar silver, 94 cent lead and 85 cent zinc . I may be silly but I have always looked at the PFS as a yard stick for worst case scenarios. NPV is about $ 250 million with an 8% discount. If we set aside market crazy price swings thats 1.3 a share or so or a 66% discount to todays price. This does not factor in buy out or additional reserves.

I thought we would bounce off of 45-46 cents and as usual I was wrong. But I am a buyer here as in my view a permit is about as in the bag as a spec play can get and the values are too good or seem to be to pass up. I sat on this thing half of last year at 38 cents and the metal prices were just as bad but the mine permit was light years away. This is More manipulation than fact and i will muddle through. Good luck

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