Amigos, old time prospectors have a rule of thumb which goes something like this: for every 100 prospective areas, only one will be worth drilling; and for every 100 prospects that drilled, only one will become a mine (i.e., only 1 in 10,000 prospects will be mined). That is why there are about 950 junior explorers listed on the ASX, but only a dozen will progress to mining. So, you think Corazon is a dog, well there are plenty that are far worse. At least Corazon is exploring in this very hard climate even though it already has a large nickel-copper-cobalt sulphide resource. Many juniors have become "shells" until a recovery in the price of lithium, nickel, rare earths, etc. I am excited by Corazon's recent acquisition of the MacBride region and have been buying. Geologically it is very promising, indeed. If the company has hit a camp of VMS deposits - bingo. Usually these types of systems are very big and will have at least one massive deposit. Also, at least one of the deposits will have high-grade gold-copper and there will be several high-grade zinc-copper deposits. The total metal endowment can be very, very large when all of these high-grade deposits are summed. One prospect that caught my eye with the geophysics, is the Mac-West deposit. It could be a massive discovery. The brown-red colouring on the map from the announcement, could indicate a large volume of massive disseminated metal sulphides surrounding some high-grade lenses. We have to wait on announcements from Corazon, which are due soon. Not many false positive signals can occur with VTEM in such a camp of VMS deposits. It amazes me that shareholders have been throwing their shares away at a crazy price of 0.2 cents. I wonder if they have researched how much metal is usually found in these types of systems or how easy it is to mine and process? Good luck all.
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Amigos, old time prospectors have a rule of thumb which goes...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.369M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $4.285K | 2.142M |
Buyers (Bids)
No. | Vol. | Price($) |
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12 | 13793340 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 32158961 | 28 |
View Market Depth
No. | Vol. | Price($) |
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12 | 13793340 | 0.002 |
38 | 95231498 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 32158961 | 28 |
0.004 | 11937368 | 13 |
0.005 | 1500000 | 2 |
0.006 | 350000 | 1 |
0.007 | 429999 | 2 |
Last trade - 14.40pm 13/06/2025 (20 minute delay) ? |
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