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Corazon Mining Ltd T.CZN


Primary Symbol: CRZNF

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

Bullboard Posts
Comment by Czicfwillgetermiton Feb 04, 2018 5:34pm
97 Views
Post# 27500222

RE:RE:RE:How I picture it:

RE:RE:RE:How I picture it:There is no positive spin if they remain on this go it alone course and dilite the shareholders.  Other alternatives I give even odds.  

I sent management an email years ago after they got permit and zinc prices stunk to please batten down the hatches and not spend one nickle  more than to keep lights on.  I think czn was around 50-60 cents.   When zinc recovered they could decide how to proceed.   I see that never happened and they started another project they can not afford while diluting out the wazoo.  Zinc now over 1.50 and they are stuck without permits.  Now they have a hard money loan that demands an ASR to de risk this  shart show.  That ASR wasnt even really  a thing 4 years ago because the winter road was such a fiasco.   Share count now 300 million or so?   How is that good?  

They need to include tribes going forward and at a minimum jv this project.  Pay them now or pay them later but rest assured they will get their cut.  No one cares about jobs that dont exist.  If they want to go it alone at least sell the other project so they can maybe pocket 5-10 million.  

Czn boxed in here and has proven they are not the ones to build a mine.  Who the hell buys shares of a mine in figi and rides them to zero while they dilute existing shareholders.  A bigger player can take a gamble here with maybe a 2-3 bagger share swap. No one paying cash for PC.  Best it will ever get  and ride with next owners stock.   
Bullboard Posts