stagnant CZN share price, page-20

Yin, if fraser proves up, czn is cheap. There is potential for a world class discovery here of over 400k tonne.

500m npv or 9b in metal atleast.

Hears what we know,
1. Lynn Lake is greater than 300k ni, resources mined and presently contained.

2. Both fraser and Lynn Lake are hosted in a greenstone belt.

3. Fraser in 2017 had 50m and 80m intercepts, that exceed widths of Lynn lake.

4. Those intercepts had a supplier to them. .

5. Sulphides are 1 to 8%, just 50m of the possible ore body that is deeper than 2017 intercepts.

Deposits like fraser and Lynn Lake are volcanic.

So back 1 billion years ago, the area most likely was under water and with active volcanos.

The molten lava would have travelled from deep, up a channel and shed.

Where they are drilling, to the right looks like a deep down channel, where they are is a horizontal channel with an upper and lower contact.

It depends how hard this layer is, if harder than a potential deposit, it would have contained it at formation.

I don't care for czn so much, but I really like the geology of fraser. If czn sells it or whatever, I will follow fraser.

The entire mintoba area is hot for nickel. Lynn Lake is only 1 of about 50 deposits.

On shares, the issue at 0.2 to sophs is interesting, esp the 0.35 options which are at the price they paid in the last cr.

It is most likely these will be exercised by there low price.

So in effect they have issued more shares, just done it via ridicolous price set on options to guarantee exercise.

It won't matter if retail investors don't take up shares by this, I feel it was only offered to retail to look good.

If all sophs and retail and the options exercised it brings in over 3m, for which I doubt is there target figure.

I feel its 1.5m. But with a sweetener to keep retail happy and a bonus.

Its a massive amount of new shares if everything is taken up and options exercises. Increases cap by more than 1.6b shares or 69%.

It is a big dilution as it averages out at around 0.27.

That also guarantees the prior sophs cr at 0.35 is in front. Strange that.

I can see who they looked after..