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 StocksLynxon Oct 11, 2016 5:01pm

103 Views

Post# 25332530

RE:Is it time

That decision can only come from you after making a risk/chance assessment, because you are the person who will hit the sell button. As a rule of thumb, you should never buy, if you can't bear with a 20% correction immediatly after you bought.
Another rule, never buy a single stock for more than 5...8% of your (speculative) portfolio.
And the last rule, never put all your money into only one or two sectors, especially the resource sector.
Keep some cash always dry for extraordinary chances or bad situations.
Having said that, the market timing this week could be good to maybe initiate a half position in CZN (meaning maximum 4% of your portfolio) and you could buy the other half after insiders resume buying.

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