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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Post by bluemoon63on Sep 21, 2013 2:37pm

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Post# 21757378

Folks started wondering where is $200,000,000 coming from?

The BNN interview destroyed us I believe.

In this difficult financing market of nil funds for miners, CZN would have to issue 333,333,333 million shares at .60 cents ( assume ) to raise this amount. With an existing 170 million shares now we get to look forward to a 300% dilution! That would put total shares at half a billion. Even if market cap. triples, price stays at 60 cents with that much dilution. Either that or have to give all the silver away to Sandstorm. The one poster is right when he said brokers put out a buy run for the hills. With the FS showing about a 200 million NPV the net remaining for shareholders is nil, all else equal. Unless metals jump 50% ( AG/PB/ZN) and reserves triple. With these hard cold financial facts even if the market value gets to 400 million with 500 million shares outstanding the price target by 2015 would be 80 cents tops. In this environment folks are looking for a current producing mine that is already funded.
Compare and contrast to Trevali Mining ( a producing PB/ZN/AG mine ) whose profile and statistics
are somewhat similar to CZN and it is ony priced at 77 cents.

Gad, no wonder we took a hit; may have to switch horses to a producing depressed miner. It appears CZN price anticipated water permit approval. It may get to a dollar but may take another 2 years.
Ergo.. Johnny MacP sales; he is getting too old to see it out. Can't blame him now. I would bet some odds he sold all out yesterday.
We have been out-foxed. The smart money is focusing on the financing now, the hard work has just started. I have to ponder this.

CZN management should put PC up for sale NOW and try to get 85 cents a share ( total $150 million which is about all we may be worth in light of the dilution issue. Five years ago people didn't think of these things, including me. "Fool me once shame on you.. well fool me twice shame on you/ me?.. haha " .
..quoting G W Bush

Dark Moon

Time for a big boogie for sure.

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