CZN target of 1c per share
value comparison made against leg and sir chart and discoveries
SIR 4metres @ 3.8% nickel, 1.42% copper NOVA
LEG 14.9metres @ 1.07% nickel, 0.74% copper, 0.06% cobalt
CZN 23.75metres @ 3.34%nickel, 1.54% copper, 0.079% cobalt in 2011 and 183metres @ 4.7% nickel, 1.7% copper in 1947
Look at SIR chart. Downtrend for many years. Always owned Nova didn't they? Just didn't drill the sweet spot. SIR went from 5c to $2.50. 50 times increase in price.
LEG did same thing. Sat in downtrend for many years before they drilled the sweet spot. They owned the tenement the entire time didn't they?
CZN chart looking same now. All big spikes on CZN chart before was on high grade nickel but deep results.
Now CZN have shallow results from 5metres to 42 metres nickel-copper sulphides
At 1c per share I calculate a market cap of less than A$25M for CZN
