CZN corazon mining limited

What happens to Nickel Companies which hit home runs?

  1. 2,572 Posts.
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    Just a fun weekend post ... I've updated their figures for present day standings:

    https://stocksdownunder.com/article/can-these-asx-nickel-stocks-party-like-its-1969/

    "We wrote about the Chalice (ASX: CHN) discovery at Julimar on 1 October. On 15 October we looked at Centaurus Metals (ASX: CTM) and that company’s exciting Jaguar Nickel Project in Para state of northern Brazil. We looked at Legend Mining (ASX: LEG) on 19 November. And on 13 July we wrote about Nickel Mines (ASX: NIC) and its massive nickel pig iron operation on the Indonesian island of Sulawesi."

    I wish I'd been invested in Chalice in March last year. They were sitting at around $0.16c, flatlining for years, before their big break.

    Sounds familiar?

    Chalice, $0.16c to $4.60 = 29 bagger.

    Centaurus, 9c to 90c = Disallowed.

    Legend Mining, 1c to 19c = 19 bagger.

    Nickel Mines Ltd, $0.23c to $1.49 = 6.5 bagger.

    Average outcome = 16 bagger.

    CXO = 6c x 16 = $0.97.

    We could be sitting around $1 within the next year with some good fortune.

    Bring on the (positive!) drill results!

    https://www.google.com/finance/quote/CHN:ASX?comparison=ASX%3ACTM%2CASX%3ALEG%2CASX%3ANIC&window=5Y

    https://hotcopper.com.au/data/attachments/2952/2952753-8bf43ffd8c9fd955b67a7adf232c015c.jpg
 
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