Corazon Mining Ltd T.CZN

RE:RE:RE:RE:CZN Reports Financial Results for Third Quarter 20

[Hammondge]

I'm not sure why you feel the need to jump down my throat. I pointed out 3 things that worry me in the F/S and MD&A. 1. Drilling results not great to which you said "However the statement does suggest that they will not be great holes, it does appear CZN is tempering expectations about these holes." So we agree. 2. Total amount of permit fees. They are a lot and especially considering the company's remaining working capital ($4.0 million allocated only to drilling). If they have to go to the market just to cover the fees and the next 6 months, then yes, I think this is relevant. 3. Mining development/activities approval from AANDC. I thought we were done with this. Financing, etc. may be more difficult until the company actually receives the "final" approval from the AANDC. You mentioned the optimization study which we have known about for a long time. From the MD&A: "Geotechnical investigations to determine optimal mining methods will be completed by the end of the year. Metallurgical studies, designed to optimize concentrate production will be carried out in early 2014 as part of the Company’s concentrate marketing plan." So along with the "final" approval from AANDC, the assay results which will form apart of the optimization and the 2 studies above, the optimization study sounds like it won't be released until sometime February/March of next year. Which means financing, of which the optimization study relates, won't come until much later. With no further activities at the mine as the mine site is closing up for the winter and having to wait for more approvals and studies, I just see a long slow road ahead.