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 the_ocotilloon Feb 10, 2017 9:00am

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Post# 25827227

RE:Historical Market Caps of CZN

>>>>Let's hope dilution is kept to a minimal in the meantime. <<<<

Unfortunately the dilution train has already left the station. In 2000 there were 24m shares outstanding, in 2005 there were about 80m shares outstanding. Today there are about 220m shares outstanding (with pretty much nothing to show for it). It's OK to look at historical market caps but I am more concerned with the share price. In 2006 the trading range was $0.53 to $1.63. In 2011 the range was $0.52 to $1.52. We know where the stock has traded the past 2 years, it's come off the historic lows but the upside might be muted because of dilution, both current and future. Let's hope the debt financing will NOT be some sort of onerous silver streaming arrangement but judging by how management has been constantly going off track (Newfoundland, Vatukoula) these past years, it's best to think they will do what's worst for shareholders.

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