CZN 0.00% 0.5¢ corazon mining limited

Ann: Lynn Lake drilling underway, page-59

  1. 5,483 Posts.
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    I believe accumulation, as little is sold back.

    Yesterday was no pump and dump because there was no chatter at all. Generally on a pump and dump there is chat before it.

    Yesterday was funds I believe, one buy was 78m shares or 2.8% of czns entire capital. A stake.

    The recent cr shares also have not been listed to be sold, so the volume is not profit taking from 0.2 cr.

    At the moment there is nickel sector buying. First we had gold about 2 years ago, then lithium about 1 year ago and now nickel.

    More than 200m new evs will be produced over the next 10 years, if one looks at nickel supply versus usage, there is a serious issue. Shortfall.

    I'd not be surprised to see tesla take a stake in a nickel outfit and do a deal for sole supply. If tesla can not guarantee supply of nickel, then can not produce the cars they wish to.

    If fir instance czn does have sucess, say 400k, that would cover and protect tesla for batteries. So I can see tesla taking a stake. Sure there not a miner, but they need to be strategic or risk supply issues.

    So I think interest in czn is on a few fronts, nickel focus, nickel price is rising, nickel shortage and more local, they drilling.

    The geology there is astounding for a new deposit, fraser sits in greenstone as Lynn Lake does. Already nickel sulphides and not even at the target. If this ground was barren, there would not be nickel sulphides already.

    Minitoba area for a zone, geology wise, is the richest nickel dirt on the planet, so it's only a matter of time for a new mine.

    All one needs to do is look at nickel outlook, EV demand and read Dr hulberts thesis, then look at the recent magnetics, oddly he mapped fraser in the 70s and got it close to 100% correct. Beats me how with no modern tech, but he did. The bloke is in his 80s, so he would not be in the freezing cold on a dud.

    Also Mr streeter successfully developed jubilee and Western, so you have a non tech also with a track record.

    We will know soon, but the drilling at fraser in 2017 got 50m and 80m intercepts that were minable, they were low grade, 0.5%, but nickel can be mined to 0.4%.

    So fraser already has all the indications of a deposit. .
 
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