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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
Comment by bilarooon Jul 05, 2014 3:52pm
411 Views
Post# 22718594

RE:RE:RE:RE:RE:Holding

RE:RE:RE:RE:RE:HoldingNazarbaz: I will try to answer your question. I'm not an expert but I have been following CZN since a Saturday morning TV show back in 1999 and I've been a shareholder off and on since 2006. The mine was 90% complete and fully permitted in 1982. Three months from production when the price of silver collapsed. You can read up on the subsequent history at your leisure. There is a lot of info out there. CZN applied for operating permits in, I think, 2008. At that time it was very close to Nahanni National Park, a world heritage site. When the park was expanded in, I think, 2009, the prairie creek mine was surrounded by the park. By a special government ruling the mine itself was excluded from the park. I believe this is the first and only time a mine has been allowed to exist inside a national park, let alone a world heritage site. That was just the first hurdle. An intensive and painstakingly long and arduous environmental review and assessment followed. Parallel to that was obtaining community and first nations support for the project. When the envrironmental assessment was finally approved, and first nations impact benefits agreements reached with first nations, a lengthy permitting phase ensued. All necessary permits to operate the mine were granted as of September, 2013. Including land and water usage permits for the mine, access road, and the portion of the road that goes through the park with Parks Canada. Alan Taylor, as COO, has led the charge here, although certainly not alone. Many people, myself included, thought that once all these hurdles were cleared, it would be a slam dunk to get financing and get the mine up and running. Sadly that has not been the case. I am still hopeful though. CZN, through it's efforts and accomplishments to date, set the standard for any and all future developments of this type. If enviromental and first nations agreements can be reached inside a world heritage site, they can be reached anywhere. CZN is the proof and others would be very,very wise to follow their lead. And their model. Has it taken a long time? Definitely!! Was it impossible? Many thought so! But they did it!! Are they done yet? Nope!! Can they raise financing? Dunno Can they mine profitably within the conditions of the permit? Dunno According to today's prices, the estimated resource in the ground, including measured and inferred is $850 a ton+. That is around $8.5 billion With 175 million shares outstanding, that equals around $48 a share. The blue sky potential is they have only begun to explore the property. So that, in a nutshell, is why I'm hanging around. If nothing else, it's a great story. Bilaroo Considering the extremely sensitive environmental challenges of mining within the confines of anworld hertitage site
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