CZN bought a good thing when they acquired Lynn Lake A Mine and Farley Mine from Victory Nickel. 13 mining claims, 14 mining claim leases and 2 mineral leases covering an area of 2,170.26 hectares. 300km away is Thompson mining camp owned by Vale.
https://miningdataonline.com/property/1377/Thompson-Operation.aspx
It has nickel copper and cobalt same as CZN. Thompson mine runs out of mill in the next 10 years so they will be looking for source feed. They are in the market for additional resources nearby. Vale can pull off deep mining at Lynn Lake A. CZN would already be in their sights but will become a buy target if that nickel an copper comes in strong in the open pit.
takeover target for vale
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Mkt cap ! $3.339M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $6.221K | 1.244M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1074190 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 2233847 | 6 |
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| Last trade - 10.24am 27/09/2024 (20 minute delay) ? |
| CZN (ASX) Chart |