But with a bit of luck Corazon Mining's time could be coming given a confluence of factors, including the strongly improving nickel price, a new mining plan in the making for its resources at Lynn Lake, hydroelectric power for any development, and key exploration drilling set to get underway before the end of the month.

Exploration success can turnaround any ‘tired' story, that's a given.

Corazon is to drill downhole conductors at Lynn Lake's Fraser Lake Complex, and massive nickel sulphides are the big hope.

Fair to say exploration here has been tough over the years.

The challenge on the Lynn Lake ground has been the high amount of surface conductive material at the project making nickel targeting difficult.

Result: "We haven't been able to nail the massive sulphides," managing director Brett Smith told the New World Metals conference in Perth this week.

But ever-increasing, evolving understanding of the geology increases the chances of success.

Meanwhile, mining studies are looking to reinvent Lynn Lake as a bulk mining opportunity, with Smith pointing out the 16.3 million tonnes at 0.72% nickel and 0.33% copper (plus cobalt), goes to circa 43Mt when the cut-off grade is lowered from 0.5% to 0.4%.

Any mining plan developed will benefit by the fact all Manitoba's power is hydroelectrically generated, perfect for the green zeitgeist of the current era.

Speaking of Canada, Twiggy Forrest and BHP's interest in Noront and its nickel in Ontario is playing out in the background.

So far as the here and now is concerned, Corazon needs some money.

Corazon has an enterprise value of A$7 million.