Good find amigo, but I see things differently. The project at Lynn Lake has a large JORC-compliant resource of 116,000 tons of nickel sulphides plus copper and cobalt credits (and it could be larger). These types of ore deposits are crucial for producing the class 1 nickel that is needed for batteries in electric vehicles. Nickel has a value of about US$25,000 per ton these days, and it may be higher. A rough calculation of the inground value of the nickel is 116,000 x $25,000 = US$2.5 billion. My rose-coloured glasses say that it will be developed. The team at Corazon is trying to show how Lynn Lake can be re-opened using modern mining and processing. Remarkably, there have been a number of recent videos (why?), and they say that an input of $200 million for CAPEX will get it developed and re-start operations. If they can hook onto a new discovery at Fraser Lake it will give the project the giddy up it has needed. Discoveries are not easy for junior explorers and many go broke along the way. But not Corazon, IMO.
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Good find amigo, but I see things differently. The project at...
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