CZN 14.3% 0.6¢ corazon mining limited

Thoughts of an investor/mad man, page-28

  1. 1,508 Posts.
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    Good question as to 'what Hanking were privy to'...Ann came Aug 18 so they were probably in talks by Aug 1 which, at that time, CZNs SP was 0.012, even lower than AUZ then...Hanking was able to buy 11.55% of a company whose historical drill assays were higher than other companies...Early metallurgical tests showed very inexpensive method for processing...Phase 1 drilling had already proven equal to historical assays...And Hanking got one of their men on the Board...And this is a Copper-Cobalt Sulphide deposit...Below is from the Aug 18 ann...

    Hanking Rationale for Corazon Investment
    Hanking considers that the new energy market is growing rapidly and that cobalt and nickel are critical components for high-quality and high-energy density batteries. China currently imports over 90% of the cobalt concentrates for its cobalt refinery industry. Importantly, it considers Corazon’s high-grade cobalt sulfide project as potentially beneficial. While Hanking already owns one of the world’s largest laterite nickel resources in Indonesia, the investment in Corazon marks a strategic step in securing scarce high-grade cobalt resources in the ever-growing energy storage focused world.
    Last edited by cobalt play: 08/11/17
 
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