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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Post by StocksLynxon Oct 11, 2016 4:11pm

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Post# 25332328

CZN does not need the all season road to get permitted

As I wrote in an earlier comment, the all season road is indeed at high risk, but the winter road is already fully permitted, so even if they give up on the all season road the mine can be build. This mine has a post-tax NPV of $155 million at an 8% discount rate, based on the fully permitted winter road. Which basically means if the all season road is denied, CZN has the same value as having $155 million now and expecting each year 8% interest on it. CZN has a current market capitalization of $52 and an enterprise value (Mcap plus debt minus cash) of around $42 million.
So you get $155 million with 8% interest for $42 million *without* the all season road, without further expansion, without further price appreciation of Zinc, Lead or Silver and without their other property.

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