Corazon Mining Ltd T.CZN

CZN assets and resources worth between $1.20 to $1.60.

[bluemoon63]

CANADIAN ZINC CORPORATION, symbol CZN, .44 cents, is a Canadian junior developmental exploration mining company based in British Columbia…major asset is their Prairie Creek Mine…43-101 reserves and resources are substantial and we see the strong likelihood of expansion of their resources and reserves. CZN has a very high asset value per share using a very conservative valuation method. Sprott Asset management owns 11% of the shares, Chinese Investors hold 8%; a total of 38% of shares are owned by institutions. Far off last year’s price of $1.35, price low may be an opportunity. No debt and a cash position of $14,675,567 plus other marketable investments of value today at $10,567,897.
Mine production could begin 18 months. In our estimation, the value of the production facilities and infrastructure (does not include any reserves or resources) already in place is approximately $235 million. Why is CZN selling at such a low price? Our opinion is that it is due to long time delays which could finally be coming to an end. We think that a proper value based upon what it has in assets and resources is between $1.20 to $1.60.

Source: an independent stocktrader/geologist I know who I asked to evaluate CZN based on public information. Take it or leave it.   Pick your own price target b/t 0.34 to $4.50 as Greg MacC. does.