CZN (ASX) Why I like CZN

Originally posted by HirotiaTAFA: ↑

I could resist to buy some at AU$0.003 recently after seeing the company raise AU$1.1Miln at AU$0.0035
It doesn't make sense to me someone would go in a placement and sell their stock a few days later so I take this as a forced sale and a blessing.
I will keep my summary brief and factual so as to not get accused of "upramping"

ASX.CZN
Corazon Mining Limited
Market cap AU$7.5Miln
Cash AU$1.1Miln
Terry Streeter Chairman - founder of Western Areas.

Their previous drilling has found high grade nickel and copper at depth. This is the basis for their current JORC resource of 116kt nickel.

Their maiden holes to test surface mineralisation also delivered high grade nickel and copper. Very impressive grades actually that carried width

In my opinion the investor base wants to see this aggressively explored and the JORC increased in tandem. The beauty for CZN is that if you are drilling holes and they are all carrying this grade your JORC becomes very cheap and quick to prove up.

CZN have confirmed drill rig is on site and more drilling to start in the next week or 2. Also good to see resource expansion is a focus.

But the biggest takeaway for me is the exploration to commence at Fraser Lake. Maybe not many people noticed but it prompted me to push the buy button.

Fraser Lake is twice as big as the Lynn Lake A Plug. That is the very high grade discovery hole. From my reading Fraser Lake has high surface readings for nickel and copper as well as stronger anomalies in the geo model and matrix trend. This was found using their recent upgraded geological model so it is pretty exciting if you understand the method behind it.

If you look how methodical Terry was with WSA in the early days CZN is playing out almost identically here.

Good luck to all shareholders, especially those needing higher to break even

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That's all well an good, repeating stuff we have known for many years, they have been drilling Lynn Lake for over 10 years, but some points of interests that is not put up for discussion is that in his own words BS said they hit the mother lode in 2011, since then nickel prices went to extreme highs in 2014 for memory around 18kt as the MD at that time it was stated they would be looking to do mining studies because of the excellent spike in nickel, sholders are still waiting for some results, maybe that is why the SP is supressed nobody really believes except the recent influx who are hoping the next round is their holy grail.

In many of your previous posts it is well noted how much you were pumping up a JV with some other mob, well given the huge amount of resource one would or may consider even after all of this new news that you continued to pump up the tyers, but as yet nothing has eventuated maybe you could enlighten everyone to the other mobs position to the JV you so proudly spruiked continually given that you seem so close to the coalface, especially given the share price has retraced significantly since then.

Also you say you don't want to be seen as upramping so maybe if you could explain this following quote from the above post given your past ramping of the other mob and a JV around the corner for sholders of CZN.

"But the biggest takeaway for me is the exploration to ommence at Fraser Lake. Maybe not many people noticed but it prompted me to hit the buy button."

Not sure how that would be defined to holders off the back of a stated JV with the other mob being a monty, just saying.

Oh an Gltalth