CZN 0.00% 0.5¢ corazon mining limited

Ann: Quarterly Activities Report, page-6

  1. 2,805 Posts.
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    Hey amigo, my maths are not as good as yours, but that figure of $95 million could be suffering from inflation. It means that in the last 12 years the average expenditure by Corazon was $8 million. By my basic maths, the annual expenditure has been in the order of $2.5 million per annum (max), which gives a total expenditure of about $25 to $30 million in 12 years. Now @vigilante3 you were Yaaawning before I became a shareholder, so you may know of some massive spends in the early days, therefore I'll bow to your knowledge. But keep in mind that in those 12 years the company has accumulated a JORC-compliant asset of $3 billion of nickel-copper-cobalt sulphide at Lynn Lake. Putting on my rose-tinted glasses, I think the current mining studies are a clear indication that Chairperson Terry Streeeeeeeeter is preparing the company to become a miner & processor of battery metals, so hold onto your hat.
 
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