share price, page-73

The DOW jones lost 2,000 the other night
1,500 the night before that
1,200 the night before that
It is irrelevant to CZN

CZN shareholders have no reason to sell.

- The stock isn't sitting on a hyped up PE or valuation
- They have capital for 12 months of exploration
- Their mine is located in remote Lynn Lake away from virus concerns

If you check the stocks being sold off are FLT, CCL, CTD.. Travel, holiday stocks are being sold off. Why? Because they are directly impacted with lower revenues and margins. Previously they were priced on various PE levels and are now adjusting. Does that mean FLT, CCL, CTD are worthless and going to zero? No, it just means they aren't valued on those high PE's anymore.

Stocks are being sold off to reflect lower expected revenues. This is not the GFC. This is not a global financial crisis.
The underlying stock market and fundamentals are very strong. This is just the market pricing in potentially a year of no travel, lower revenues etc.

None of that will effect CZN.

CZN business as usual is to go exploring for nickel in Lynn Lake. They have a drill rig on site and cash in bank. Really to me everything else is noise. The company doesn't have to tap the market for another 12 months. You've just watched the DOW go from 29k to 21k in a month. Unless the world is going to end from this virus I can guarantee you the DOW will have shrugged it off and rallied back to old highs by the time CZN need to come back to market for money next year.