Yep they certainly have that orphan is now 12 years old and...

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Y4ukikmycow

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13/12/22

10:22

Post #: 65289139
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Originally posted by prawn_man: ↑

Amigos, Corazon, CZN, has been going through a long "orphan" period after establishing a JORC-compliant resource of 116,000 tons of nickel, plus copper and cobalt in massive sulphide deposits in Lynn Lake Canada. But in the last week three announcements have hit the market and it may be causing a re-rate of the shareprice. In the first announcment the company reported its discovery of spodumene at surface in its reconnaissance work at the Miriam Project near Coolgardie WA. The area is due to be granted any day now - it was purchased by CZN from a gold explorer almost 12 months ago because it has an under-explored high-tenor nickel sulphide deposit which was discovered by Anaconda in 1969. A second announcement by CZN reported that drilling has commenced at Lynn Lake and the third annoucement said exploration is underway by Uni Tasmania at Mt Gilmore, NSW where the company is planning a drill program in Q1 2023 at its copper-gold-cobalt porphyry prospect. Corazon has a market cap of $15 million and $6 million in cash.

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Yep they certainly have that orphan is now 12 years old and still 2 to 3 years away from anything feasible.

So more likely the same patterns will be followed stagnation upon stagnation or for want of a better word FLATLINED SP to continue in the foreseable future if one looks at the past history an track reords of the company and those running it.

Of course I could be wrong especially after the company bought into Miriam spruiking how good of a Nickel Sulphide project it was but then out of the blue find some white hot gold and another flavour of the month go figure.

CZN Price at posting: 2.3¢ Sentiment: None Disclosure: Held
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0 Great analysis

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