What Has Been Happening To CZN Has Nothing To Do With CZN What has been happening to CZN HAS NOTHING to do with CZN.
Why?
It is because EACH and EVERY mining company has slowly been getting crushed since the beginning of 2012.
CZN management is one of THE BEST ever and HAS DONE EVERYTHING possible.
The final permit has been in hand only since September, 2013. That is only about 7 months.
The recent CZN selloff happened because zinc and lead prices took a beating in the last month and because the underway silver rally got truncated (FOR NOW), so many people panicked and sold off. We should take into account that many support levels of silver, lead, and zinc prices were about to be broken; this is simply what caused the selloff. Today, support levels have survived (FOR NOW); therefore, buying and selling has been close to normal.
You might be interested in taking a careful look at what happened yesterday to SilverCrest Mines, SVL.TO, SVLC, one of the best junior silver miners in the world (they mine gold, too); they got painfully hammered in spite of the fact that they have ton of cash. Why? It is because SILVER WAS ABOUT TO BREAK SUPPORT.
Luckily, silver survived! (FOR NOW).
Also, you might want to take a look at Tinka Resources, TK.V. Just like CZN, it is a silver-lead-zinc junior mining company that has a huge potential. It also got crushed because of the same reasons mentioned above.
The examples about junior (and major) mining companies getting hammered are numerous!
Right now, Absolutely EVERYTHING IS AT STAKE including interest rates, precious metals, base metals, USD, bonds, S&P 500 and emerging markets. The next 3-6 months are going to be crucial to each and every sector.
Therefore, one might want to consider the fact that CZN is executing an optimization study and some drilling programs. The results of those will be released in more than 2-3 months. Each of them can emerge promising.
Many people have been shareholders for many years, but the final permit was born only about 7 months ago, and the coming 3-6 months can change a lot of things.
My point is that, in the coming 6 months, the mining sector as a whole is going to be the major factor that will affect CZN share price, and that CZN performance is just a minor one.
I must emphasize that if support levels of metals broke, we would see new lows, which means extended, ruthless metals bear market. This is the worst-case scenario that has been causing nightmares to investors and resulting in sell-offs.
I hope that metals will survive, thrive and start a new bull market as soon as possible, and I hope that only the good events will happen to CZN.
Anyway, take cover and protect yourself because anything can happen in the current market climate.
This is my humble opinion.
Best of luck to everybody.
Studio10