@Sirstock,
All good points of veiw, but at its current stage Lynn Lake is not viable to mine, hence why the need to waste money on mining studies that get them nowhere, they would have been better to start striping what they can from the open area's and whilst doing that then work on mining studies, this would have a two fold effect, firstly it would increase the interest in Corazon and secondly the Share Price would greatly improve of the back of it whilst returning something in value to holders.
Maybe because under its current Esitimated Jorc its still not a viable proposition to mine with only a 4 to 5 year mine life and because over the past 4 years they have done nothing to improve the value of the Jorc Compliant Resource to make it attractive enough, the current drilling will be their last chance imho as they have previously missed targets wily nily.
This points to Management not being capable enough to make good business decisions, unless of course its for Corporate Spending which has increased by over 185 % in the last few years since the guru Terry Streeter has been associated with this mob, agree it only needs to hit targets and it could quite easily fly, unfortunately shareholders are around 48 million out of pocket with a share price still in the gutter even off the back of those increased interests you speak of and the huge increase in Nickel prices, so that shows there is no interest in Corazon currently and the connections between Wilhiem Klink and his Cronies Blackstone is only to strengthen Blackstones position to advance their discussions with Vinfast.
This is why imho Corazon will be taken over and they will never mine anything at Lynn Lake.
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Price($) | Vol. | No. |
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