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.

OTCPK:CRZNF - Post by User

Corazon Mining Ltd

Bullboard Posts

Comment by sclurion Apr 03, 2015 12:49pm

67 Views

Post# 23595161

RE:RE:Dilution

First of all, CZN should pay all the dues- ie the permit fees and all , then only, you can start some thing.
IMHO; Shipping the ore to the nearest smleter may not even get CZN the transport costs.
The best thing is to some how crank up the mill, use the existing infrastructure, get the concentrate out.
Even if you can start with 800 tonnes/day, that is ok.
When things are moving. slowly slowly you can meet the day to day expenses and cut down your losses.
At this stage, no White Knght will come and buy us out. Situation is some what reaching the terminal.

Borrow some working capitl from commercial banks/EDC or BDC, and just let the mill crush, pulverise and make the concentrate.

If possible, sell the concentrate for long term contracts.
Sell off the dead assets-these may not generate any revenue at least get rid of the liability.
Managment should take a cut in thier pay check till the production starts.
Dilution should be the last resort
rgds
scluri