Coziron (CZR.ax) update-1

Posted: Mon Feb 12, 2007 1:56 am Post subject: Coziron Resources Limited(CZR)

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Listing on 29th Aug 07
Mining in Various sites in Indonesia

ONLY 25.8million shares on issue. at current SP,
the market cap is only 17 million.
Still holding.... very good prospectus... i will patiently wait till this fruitful. Cant belive this company is valued only 17million....
Time will tell....

A deal with CKI ( major iron ore importer from China, hold 5% CZR)
Highly prospective projects
Project:

Rawang gadang Iron ore
approx 150k tons of iron ore, 64-89.95% content of Fe
Expect early production for company cashflow
Analytical test results expected soon

Kunyit Iron ore

expect up to 66.30% iron ore content
Commence drilling (7th Feb 07 announcement)
Potential low cost deposit for short to medium term period
Expecting start production by April 07; pending Environment department approval.
Announcement UPDATE: Hit 32m Hematite iron ore high grade , huge iron ore reserve...

Lubuk rawang Gadang Lead Zinc\
HIstoric sampling of 30.6% zn, 0.23% Pb.
and, 8%Zn, 5.5%Pb, 312g/t ag 1.84g/t Au
Pending mining licence, expect mid March, no work yet done

Inderapura Coal project
JV with Grange resource Ltd to spend up to 1million dollar for next 18 months to earn 50% shares( due dilligence and test work)

Singkarak Copper and Gold MOU with PT. Intan Borneo
Au Samples peaked at 7.33g/t, Cu up to 22% (very high cu content)

the share price quadruple since the Listing.
Latest closing 68c

Gud news keep coming, but share priced somewhat keep going south... and 17million dollars for all those project!!!!!!!!!!!!,... I guess i'll wait for the drilling application to be approved by mid March to mid April 07 ..... Time will valuate this stock to its fair falue....
as of only 25million shares on issue, this can go higher in a blip on eye...

Graph and Posting are copied from post at Crazy Jim Smith Forum.