CZN 0.00% 0.5¢ corazon mining limited

Ann: Trading Halt, page-127

  1. 5,460 Posts.
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    The red zone look promising, looks like a rim around it..

    In the past there has been 3 feasibility studies, they have been on mining deeper, not surface. Those came in at the 150m mark..

    If mined with present resource of 116k, at 10k per year, revenue would be 140m a year, payoff of capex 4 plus years.

    On 200k to 300k resource payoff sub 2 years.

    As open cut method planned, the capital will be far less than 150m.

    So it makes sense why the price is at 0.3 as Lynn Lake is viewed not viable by miners and institutions. It is true.

    But 200k or 300k is certainly viable. If czn drill up this, institutions will be jumping into czn and will finally be worth a jv.

    The price would be worth 5c for a cap of 100m plus then.

    If they do not Lynn Lake will not be mined and czn will sit at its present price worth 8m and eventually nothing.

    Today another tight volume day, buyers have grown to 52m at 0.3. With 200k traded, 100k yesterday and 744k on Mon, investors will eventually have to pay 0.4 to get stock as sellers ain't selling.

    A breakout is imminent very soon, volume can't stay this low.

    The saucer pattern is still progressing, they are the most predictable patterns that yield change in a share price. This pattern is plus two years so when it comes out of the saucer and it will, the price change will be profound and sustained.
 
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Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $3.339M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
5 2848811 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 3788550 6
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Last trade - 16.12pm 01/07/2024 (20 minute delay) ?
CZN (ASX) Chart
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