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

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Post by oldmanmikeon Mar 25, 2016 12:03pm

180 Views

Post# 24700691

Stock way too low !!!!!!

Gumbajohnny, I agree with your assessment of a take out for CZN. I've followed this company since 2002/3 and made some nice money along the way. The problem right now is the stock price is way too low and should be around $1.50 to $2.00 now with a buy-out at about $3/share. The mine is worth that right now $750M and in production should get $6 to $9 per share. Around 2004/5 the stock price moved to $2 with around 150M share float, Market cap $300M. If some company came in and offered a $1/share it would be a steal for them.
This stock needs to move up soon or we'll see that kind of offer come in and the majority of shareholders will jump on it. This stock needs be, as I said, $1.50 to $2 very,very soon.

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