CZN (ASX) Patience Pays Off

Originally posted by roblolioa: ↑

CZN shareholders should be excited about the current position of the company

It is a testament to CZN and management that the company has progressed Lynn Lake to this stage whilst still owning 100% of it. The upcoming drill program could prove to be company making.

Snapshot
CZN is just $4.6Miln, with $1.1Min in cash.
Owns 100% of Lynn Lake

Chairman
Terry Streeter who took WSA from $5Miln to $750Miln
Getting paid in options at 0.7c and 1.1c

Historical Results
All of CZN historical drilling has been deep and to test underground resources. At depth CZN has world class grade hitting 183m @ 4.7% Ni, 1.7% Cu.

Recent Results
Recently CZN has started drilling to test the open pit at Lynn Lake and again encountered world class results. All holes encountered high grade nickel and copper mineraliastion at shallow depths open in all directions.

Capital RaisingCZN have recently raised $1.1Miln at 0.35cs to sophisticated investors. This should see the company funded for the next 6 to 12 months and avoid the need for further dilution in the short term.

Upcoming DrillingCZN are planning a 1,500m drill program at Lynn Lake to test the extension of the previous high grade nickel and copper strikes. Even more exciting is they are carrying out field work and defining targets for Fraser Lake which is a bigger anomaly than Lynn Lake with high surface grades too.

Comparison to other nickel exploration playsA few stale shareholders like to try to bring the company down as though past performance is a reflection of future performance but this couldn't be further from the truth in mining. Many company's take 10 to 20 years to get mines up and running. There are plenty of success stories in the nickel space that sat for years before putting on the big gains.

LEG - has more shares on issue than CZN, lower grade. Stock sat at 1c for over 5 years before going up 12 times on a discovery hole.

SIR - Similar grade to CZN discovery hole. The stock sat at 5c for 5 years, before reaching $5 on discovery hole

They key take away is at all times both SIR and LEG owned those deposits and were tinkering around they just hadn't found the discovery hole yet.

Given that CZN has high grade scattered all over Lynn Lake, it is only a matter of time before they drill something of serious significance.

12 month target
Personally I have a target of 2c in the next 12 months. That would be completing the current drill program at Lynn Lake and then moving onto Fraser Lake. Also includes reaching a JORC of min. 200K nickel. At that point I would hope the company is much higher in market cap to warrant a larger raise to fund development or bring in a partner like Vale for JV. The company should not need capital for at least 6 to 12 months and should get at least 2 drill programs completed in the short term.

Expand

LMAO,

yeh everybody should take your advice not

latest stock analysis of Corazon Mining,

1: has a below average safety and is currently rated a Sell.

2: Recommendation, = Sell

3: Current Value 0.001, value is from forecasted earnings per share, forecasted earnings growth and profitability.

4: Upside Potential/Relative Value = Poor, RV is an indicator of long term price appreciation potential, CZN has a RV of 0.80, which is poor on a scale of 0.00 to 2.00.

5: Safety/Relative Safety = Poor, RS is an indicator of risk CZN has a RS of 0.82 which is poor on the scale of 0.00 to 2.00.

6: Timing/Relative Timing = Very Poor, CZN has a RT rating of 0.14 which is very poor on a scale of 0.00 to 2.00.

7: Overall Rating/Value Safety Timing = Poor, CZN has a VST rating of 0.64 which is poor on a scale to 0.00 to 2.00.

8: Stop/Stop Price, SP is an indicator of when to sell a position, CZN has a Stop of 0.001 per share.

9: Comfort Index/CI = Very Poor, CI is an indicator which reflects a stocks ability to Resist Severe and lengthy price declines, CZN has a CI rating of 0.26 which is very poor on a scale of 0.00 to 2.00.

10: Earnings Growth Rate/GRT= Very Poor, GRT reflects a company's one to three year forecasted earnings growth rate, CZN has a forecasted Earnings Growth Rate of -5.00% Very Poor.

So everybody should listen to someone who has cost newbies maybe 50% who bought in of the back of the continued upramping to those who are relative to what the market is saying about this stock gee best I grab me some before it's all gone or maybe as most analysts are predicting wait till it hits 0.001 which is very likely in the near future time will tell.

One thing very important to those who do read the continued upramping make sure you consider the past History because sometimes if it smell like a rotten egg usually it will be just saying.

oh an Gltalth