Amigos, there are a few matters that need to be cleared up
1) Prior to the consolidation, Corazon moved between 0.2c and 0.3c for several years. Following the consolidation of 20 old shares to 1 new share, which was early this year, it is now is trdaing at 3.4 c. So today's price is equivalent to 3.4c x 1/20 = 0.17c in terms of the preconsolidation price. So today's price is not that substantially less than the past few years. Market cap is still about $10 million.
2) A few months ago there was a capital raising at 5 cents then more recently at 3.2 cents. By my calculations, the ASX would not approve of a capital raising for at least 6 months. By that time we will have learned: how successful the drilling at Fraser has been, the start of exploration of the Miriam Prospect in WA, the mining studies at Lynn Lake and the involvement of
@Y4ukikmycow's friend Wilheim Klink.
3) Drilling into the high-grade deposit at EL in Lynn Lake is underway, and this deposit has previously given extremely long intercepts (200m plus) with very high grades (2 to 5 % nickel). It is also where Corazon made a fantastic discovery of the EL Deeps (below EL deposit). It hasn't been drilled much, so what they find could be extermely exciting.
4) IMO the recent drilling campaign has finally provided the clues that Corazon needed. Corazon's total of 20 diamond drill holes since 2017 has revealed that the Mobile MT geophysical anomalies to the west (including the South Pipe) were probably the sources of the nickel, copper and cobalt. Now they are barren. The metal-rich magma is very fluid and it appears to have travelled to the east into the the matrix trend. Drilling in Q1 next year is planned to drill in search of massive metal sulphides at new sites along the maxtrix trend - beyond where drilling has been carried out before.
In summary, for all investors except
@Y4ukikmycow's German mate, it has been a long wait but the stock market is a mechanism that transfers wealth from the impatient to the patient. This dog will have its day, and hopefull it will be early in 2022.
