Spot on thereNo revenue to lose. This is an exploration play....

Spot on there

No revenue to lose. This is an exploration play.

The thing people don't get with coronavirus too is this is people rushing to lock in profits from the last bull run. Look how quickly NCM, BHP, CSL all the blue chips ran up to recently. They have now come back down. But are they at all time lows? No way.

CZN is trading at all time lows now. But this is after they've raised money. Right before most important drill campaign to date. That tells you the selling is not stock related just panic. Sophs put money in at 0.35c, some are waiting at 0.3c - thats a 12% loss. Selling at 0.2c is a 40% loss for them.

Ask yourself why sell? CZN wont run out of money for 6-9 months.
Nickel demand will be through the roof by the time they have a JORC and mineable deposit.
Only reason you'd sell now is if they needed money immediately and you avoiding dilution. Not a risk.

50m of nickel grading 1.7% is way better than LEG too by the way. That would be a great result.