How to work out if a Penny Dreadful Stock is a Dog Stock, page-45

Y4, thanks for you post. I am not a top 20 holder, but I love dog-stocks like Corazon. They offer excitement for shareholders and the chance for us to make massive capital gains. Also, in Australia about 50% of the great mineral discoveries are made by dog-stocks, the rest are by the big miners, and that's a fact. And because of companies like Corazon, we have a very high standard of living in Australia. For example, in 2020 our large trade surplus can be put down to the exports of iron ore and other minerals. (Manufacturing has been allowed to collapse. Sadly we were unable to even make a face mask when the pandemic hit.). My view of Corazon is different to yours. I see Corazon as a dog that is trying to find a bone that is well hidden. Typically massive intrusive nickel-copper sulfide deposits do not leave a large footprint on the surface. The denser massive nickel-sulfides settle to the lower levels of an intrusion. In comparison with gold deposits, some of the gold usually makes its way to the surface in thin veins, and is detected as an anomaly in surface soil geochemistry, but nickel-copper sulfides are much harder to find that way. So geophysics acts as a better method for detection for nickel sulfides. Nevertheless, as Corazon has found, there are many unimportant rocks that give misleading signals which cause problems with interpreting the geophysics. But step by step Corazon is getting closer to the discovery what we are hoping they will find. Let's face it, Corazon is a micro explorer with a small budget of about $1 mil per year, and we know that drilling is expensive (about $200 per metre). So CZN just can't go to Fraser Lake and drill everywhere - it needs to find targets and test them. If it was easy, Skerritt would have found it years ago - and they tried hard before giving up. Since then, Corazon has bought all of the mining camp at Lynn Lake/Fraser Lake. The recent increase in area to include the "south" pipe (which their geophysics found), could be the game-changer. My fingers are crossed amigos.