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Corazon Mining Ltd T.CZN


Primary Symbol: CRZNF

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.


OTCPK:CRZNF - Post by User

Bullboard Posts
Post by bluemoon63on Aug 12, 2013 11:25am
294 Views
Post# 21663625

Production/Sales/Cash Flow Data

Production/Sales/Cash Flow Datanot be be redundent but highlight these facts, we could just have a "10 bagger"  here within 2 years, assuming a World Depression doesnt happen. Even at a net net of $40 million, this is worth $4 / share min. Probably be bought out first at $3 or so within a year and a half. Just my guess.

Production/Sales/Cash Flow Data

When production begins the company will be able to produce:

  • 76 million pounds of zinc annually, worth $65 million at $0.86/lb. zinc
  • 90 million pounds of lead annually, worth $88 million at $0.98/lb. lead
  • 2.2 million ounces of silver annually, worth $45 million at $20.50/ounce silver
Thus at current market prices the company will see an estimated gross sales figure of $198 million annually (I am assuming no copper production given that all of the company's copper is in the "resource" category, with none in the "reserves" category).
Bullboard Posts