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.

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Corazon Mining Ltd

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Comment by bilarooon May 16, 2015 10:04pm

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Post# 23736786

RE:RE:New Presentation!

It says in the presentation the initial capital construction cost of the winter road is $4.3 million with annual costs of $3.3 million thereafter.
agreed it is time to cut costs. They don't have enough money to do much aside from completing the the Drilling. Should be near completion now or by end of May. And the PFS.
Also noticed in the presentation they removed any mention of the Sandstorm deal, so perhaps that is off the table.
it seems they will try for financing after the PFS is tabled. Failing that and an improving share price and market for zinc and lead and perhaps silver, and it looks like mothballs.
three corporate offices is ridiculous. But probably committed to a lease. Hence only $8 million left to spend.
don't forget the "Taylor Agreement" if they close the doors, he gets two times salary plus,plus.
do you think he would settle for shares? LOL

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