OTCPK:CRZNF - Post by User
Comment by
minedrilleron Feb 08, 2021 8:05am
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Post# 32498557
RE:JUST IN.
RE:JUST IN.Thanks RG a welcome update… These are things you, me and bilaroo and other shareholders have been highlighting to CZN/NZC for years now in a myriad of emails... Overall this is yet another largely positive PR but why oh why has it taken them until now for the penny to drop? These latest PRs are just proving how completely nuts they were up until now - and that's not saying much for them now. Even when silver was at 17 bucks all day long it was more profitable to market the silver as opposed to the zinc if they had the brainwave and courage to increase throughput by 50% (I even remember saying it to Dawson in at least one email about 5 years ago that silver was the key). Again why in the name of sanity did it take all that time to see the potential with inferred and indicated sliver reserves? Literally you could flip a coin at Prairie Creek and where it lands would be profitable silver. That has been a bugbear of mine with CZN/NZC for near on a decade. If they grasped the nettle 8 years ago the mine would have been up and running 2 years after. It was all about just get a start building the road (whether it be ASR or winter) and gaining finance by especially streaming (something I distinctly remember saying to Dawson on a number of occasions) and it would (will) have created positivity and boots on the ground which in turn would have got others on board (again something I detailed in an email to CZN a number of times if I recall correctly) even in the depths of recession. That was always obvious but obviously not to CZN/NZC management. Also why when they did previous studies did they not broadened the scope to include all reserves (maybe something to do with flittering away money and share value on vanity projects?)? This would have greatly enhanced the mines profitability and heightened the chance for streaming (very favourable) or financing? Surely they would have understood (sic) the more provable assets they have the more chance a bank (and principally the more reasonable a royalty streaming co would be) would want to jump on board? Seriously why now after all these years is there talk of doing the right thing? Finally they have seen the light.