in the absence of a category for "hunch", i will go with FA
CZN
MC $2m ish Cash $2m ish
Corazon seems to be hanging it's hat on the Lynn Lake Nickel/Copper Project now,
23.75m @ 3.34% Ni, 1.54% Cu & 0.08% Co (discovery hole)
The recent big selldown after it pulled out of TUR has provided an opportunity for a super lowball entry for anyone game enough to speculate on it's Nickel exploration. Being the "metallic flavour of the month", i think it is a worthwhile buy at these levels, especially as the directors have taken a 50% haircut while they get things back on track.
Looking at the course of sales, today witnessed sustained buying all day, with a few of those funny numbered buy orders that institutional investors often seem to use.
I'm not expecting fireworks from the get go, but the fall below 1c seems overdone given the potential of it's Canada assets, and a short term trade here seems pretty reasonable.
