CZN corazon mining limited

Ann: RIU Conference Guide in the Australian Newspaper, page-6

  1. 2,896 Posts.
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    Amigo, I think your facts are wrong, or my memory is fading? possibly both? I don't recall writing to the company - instead at one of the credit raisings I was contacted, like most shareholders, by a rep who asked if I was going to take up the offer. I said a consolidation was needed. I think the fellow's name was David, and he said he would pass my comment onto management. Anyway, consolidation has worked from the company's perspective- there is $5 mil in the company's piggy bank and 600mil shareholders (current situation). Unfortunately, shareholders are yet to see the benefits - which would require the shareprice to return to 6 cents (the equivalent value at consolidation, I think) or a higher price for the long-suffering shareholders who got in years beforehand. But, this dog will have its day, IMO. Its JORC for the nickel sulphide at Lynn Lake has an inground nickel value of more than US$2.5 billion (based on nickel at $25,000 per ton x 116,000 tons), and there is copper and cobalt to add. The stock market has no patience for this type of accumuation of an asset by a junior explorer or in longterm mining re-development. As a result Corazon has been in the so-called orphan period. But sooner or later this mining re-development will surprise the market, IMO. In reality, we know that the market is after exciting discoveries, so Lynn Lake has been undervalued for decades.

    Now, with regards to your wealth of knowledge about the failures of Corazon's managment, it's up to you, not me, to contact the company. Maybe you could ring to give the team an earful or, better still, go to the RIU presentation and stick your slipper into Brett Smith. But you better get in quick because I think Miriam in WA could provide the discovery that longterm shareholders have waited for. It has the lucky find of lithium plus the potential for high grade nickel sulphides in komatiite channels (I'm also wishing for PGEs, but who knows). According to the news, the company has already started its ground geochem in search of lithium pegmatites. Also, it has kicked off the geophysics for the nickel sulphides. So we shouldn't have to wait too long for any results. Good luck @Y4ukikmycow and all holders.
 
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