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I think we get at least a 2x by year end, probably sooner.
Oh man missed this today. I have lots of cash settling next Monday so I'll definitely be picking up more. Sure hope it's not a pump so people can sell shares. Been reading about how management runs another company where they just use it as an ATM. Can't explain why this keeps falling to .40 unless someone continues to sell. Let's hope their confidence translates to a higher PPS.
I agree. Can’t explain that one. I guess they note what is here and wanted it out now cause they expect a bigger move up.
Seems very strange for them to put out this late in the day on a Friday????
Great reminder on why we bought this one in the first place.
Nice timing lol
NIA just posted about them
NIA is excited to announce its first ever Confidence Rating of 100 silver stock suggestion: Canada Silver Cobalt Works (TSXV: CCW) here at $0.55 per share. The company also has a U.S. OTCQB symbol of CCWOF.
CCW’s Castle East Project has successfully established the highest grade silver resource out of all publicly traded companies! CCW’s Zone01a and Zone01b at the Castle East project’s newly discovered Robinson Zone contains 7.56 million Inferred ounces of silver at an average grade of 8,582 g/t silver (using a cut-off grade of 258 g/t AgEq).
Castle East may represent the most significant new grassroots high-grade silver discovery in the Gowganda mining camp and the broader Northern Ontario Silver-Cobalt district, in at least 40 years. This is without a doubt the biggest silver-focused program in the district since Agnico Eagle in the late 1970’s/early 1980’s when it made a new discovery at the Castle mine and brought that mine back into production for a decade until silver prices collapsed.
CCW has just added a second drilling rig to its already ongoing Castle East drilling campaign and plans to conduct a massive 50,000m of drilling over the next 12 months.
Not only does CCW have huge silver grades at Castle East, but there is potential for tremendous scale given the extent of untested ground in the camp! There is a 2km area that is wide open for discovery between the Robinson Zone and the past producing Castle Mine.
CCW’s Castle Mine Property is located in Haultain and Nicol Townships in the main historic Gowganda Silver Mining Camp. The property is 100% owned by CCW. The broader Northern Ontario Silver Cobalt District officially produced nearly half a billion ounces of silver in the last century.
The Castle Mine has the largest land package of any publicly traded company in the Gowganda Silver Camp, totaling 78 sqkm and located 75km southwest of Kirkland Lake.
Speaking of Kirkland Lake, CCW has a very strong management team with their new President and COO Matt Halliday coming to the company from nearby Kirkland Lake Gold (KL) where he served as resource geologist.
CCW owns Temiskaming Laboratories (TTL) the only facility in the Northern Ontario Silver-Cobalt District that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing. It is less than a 90 min drive from CCW’s Castle Mine and Property! CCW’s Beaver mine on patented ground near the town of Cobalt, just minutes from TTL, was a significant past silver producer and will be advanced during 2020!
CCW’s Castle Mine is the only permitted and active underground asset in the entire Northern Ontario Silver-Cobalt District. It has been mined intermittently throughout the last century for its exceptionally high-grade silver.
The refurbished first level of Castle extends 365m east-west and 360m north-south and the shaft remains in excellent condition. Strong potential exists for the establishment of a new zone while the company is also focused on the mine’s silver-rich historic tailings.
CCW has tremendous potential to also produce cobalt. In 2018, CCW became the first junior mining company in North America to produce a battery grade Cobalt sulphate product from its own mineralized material at the Castle mine.
CCW has developed its own “proof of concept” for an environmentally green process that efficiently recovers Cobalt and other metals while successfully removing arsenic. CCW’s proprietary RE-2OX Process is scalable and the project will benefit from being hosted at the company’s newly-acquired TTL lab/processing facility in the town of Cobalt.
CCW currently has only 98,847,488 shares outstanding.
Press Release: Canada Silver Cobalt Completes Asset Acquisition From Polymet Resources
BY Dow Jones & Company, Inc.
— 12:52 PM ET 07/31/2020
Canada Silver Cobalt Completes Asset Acquisition From Polymet
(the " Company" or "Canada Silver Cobalt") is pleased to report that it has completed its previously-announced acquisition of the assets of Polymet Resources Inc., including an assay laboratory and bulk sampling plant located in Cobalt, Ontario. The asset acquisition was effected through Temiskaming Testing Laboratories Inc., a wholly-owned subsidiary of Canada Silver Cobalt.
In payment for the assets, Canada Silver Cobalt issued 690,409 shares to Polymet Resources at a deemed price of $0.45 per share, for total deemed consideration of approximately $311,000. Canada Silver Cobalt also assumed outstanding liabilities of Polymet Resources in an amount of approximately $339,000. Each of the shares was accompanied by one common share purchase warrant. Each warrant entitles Polymet Resources to acquire one additional common share of Canada Silver Cobalt at a price of $0.50 for a period of two years. The shares and warrants are subject to a four-month hold period in accordance with applicable securities regulations and the policies of the TSX Venture Exchange.
Goldman Sachs, which has ditched its own $2,000 forecast and says we’re going to see $2,300 an ounce in the next 12 months.
The bank also lifted its silver outlook to $30 from $22 an ounce.
Driven by “a potential shift in the U.S. Fed toward an inflationary bias against a backdrop of rising geopolitical tensions, elevated U.S. domestic political and social uncertainty, and a growing second wave of COVID-19 related infections,” gold’s surge to new highs lately has outpaced gains for real rates and other alternatives to the dollar, said a team of analysts led by Jeffrey Currie.
“Combined with a record level of debt accumulation by the U.S. government, real concerns around the longevity of the U.S. dollar as a reserve currency have started to emerge,” said the team.
One point made by Currie and the team is that hedges against inflation like commodities and stocks are likely far cheaper currently, than maybe in the future when inflation could start to show up. Current debasement — lowering the value of currencies — and debt accumulation “sows the seeds for future inflationary risks despite inflationary risks remaining low today.”
Welcome earls, I agree with you. This one will payoff handsomely.
Bought in today with a starter position. I really like the sound of the potential of the Castle mine with the grade and location. And it really seems like they are in a new phase with their leadership. Good luck to all.
Too bad I hoped it would be more investors than traders here. But it will have its day soon.
everyone playing the range. buy low 40s sell high 40s. Just gets smashed every time we approach 50.
$.60-$80 USD for starters, days-weeks away. Then $2+ by year end.
Not held to it of course, but price Target or range?
SPROTT PHYSICAL SILVER TRUST buying $1.5 Billion WOW that ought to boost silver and put a solid floor in
https://www.sec.gov/Archives/edgar/data/1494728/000104746920004145/a2242074zf-10.htm
Today I loaded more. Expect news coming soon. BOOM! Wait and see. Or better yet load up and profit. This is a spectacular investment opportunity. This ultra high grade new discovery play has lagged the explosion in silver miners recently. However, it's because they have been quiet and that's about to change. JMHO
Canada Silver Cobalt Files the NI 43-101 Technical Report on Mineral Resource Estimate for Castle East, Robinson Zone
COQUITLAM, B.C, July 13, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to report that it has filed an independent technical report on SEDAR. The technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") supporting a Mineral Resource Estimate for the Castle East, Robinson Zone, Ontario, Canada with an effective date of May 28, 2020 and a signature date of July 13, 2020 (the "Technical Report").
This Technical Report documents the first mineral resource estimate (press release of May 28, 2020) for the Robinson zone discovery.
The mineral resource has been estimated in conformity with CIM Estimation of Mineral Resource and Mineral Reserves Best Practices Guidelines and is reported in accordance with Canadian Securities Administrators' NI-43-101.
The Technical Report can be found under the Company's Issuer profile on www.sedar.com and the Company's website at www.canadasilvercobaltworks.com.
The Company also announces that it has completed its previously announced repurchase from Granada Gold Mine Inc. ("Granada Gold") of a back-in option on five mining leases forming part of the Castle Silver Cobalt Mine property in Ontario.
In payment, the Company issued 2,941,000 common shares to Granada Gold at a deemed price of $0.51 per share, for total deemed consideration of approximately $1,500,000. Each of the shares was accompanied by one common share purchase warrant. Each warrant will entitle Granada Gold to acquire one additional common share of Canada Silver Cobalt for $0.55 for a period of five years. All securities issued in connection with the re-purchase are subject to a four-month and a day hold period expiring on November 11, 2020, in accordance with applicable Securities Laws.
Under the policies of the TSX Venture Exchange, Granada Gold is a "Non Arm's Length Party" to Canada Silver Cobalt in that Frank Basa, Jacques Monette, Robert Setter and Dianne Tookenay, each of whom is a director and/or officer of Canada Silver Cobalt, are also directors and/or officers of Granada Gold. In determining the purchase price, Canada Silver Cobalt relied on, among other things, a valuation opinion dated May 13, 2020 prepared by Watts, Griffis and McOuat Limited of Toronto. The repurchase of the back-in option is not a "related party transaction" under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions.
Silver Could Be At The Very Beginning Of A Monster Move Higher
https://seekingalpha.com/article/4357702-silver-be-beginning-of-monster-move-higher
GIL send something here? Big spike in buying...
Nobody goes broke by taking profits ;o)
A bit concerned by this chart if we don't break above that HL around .59 CAD. If we break below the UT line we're gonna collapse, IMO.
http://schrts.co/QZFjyikZ
That was quite an impressive release. If I only have the patience to hold beyond the initial 100% move LOL. I have this problem, a good one, that of continuing to find VERY promising PM stocks to invest in. With so many it is hard to stay invested much beyond 2x. Need to only take out the initial basis and let the free shares ride. Went from K92 to Fiore to Abraplata etc. Still have my free shares of Abraplata. Doing well and the PM market has barely started its move. Going to be very exciting times.
News from yesterday...
https://www.otcmarkets.com/stock/CCWOF/news/Canada-Silver-Cobalt-Appoints-Halliday-President-and-Chief-Operating-Officer?id=266366
Canada Silver Cobalt Appoints Halliday President and Chief Operating Officer
Canada NewsWire
COQUITLAM, BC, June 30, 2020
SECOND DRILL RIG FOR CASTLE EAST
COQUITLAM, BC, June 30, 2020 /CNW/ - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce that Mr. Matt Halliday, P.Geo., has been promoted to the position of President and Chief Operating Officer (COO) of the Company, in addition to his duties as VP-Exploration, as Canada Silver Cobalt prepares to aggressively ramp up drilling at Castle East to fully leverage a growing high-grade silver discovery adjacent to three past producers in Gowganda, 75 kilometers southwest of Kirkland Lake.
As a second drill rig is quickly added to this discovery as part of a new planned program encompassing 50,000 meters of drilling in 2020, Halliday will direct and supervise all project operations for Canada Silver Cobalt in his new role as President and COO. He will also immediately further build out the geological, engineering and environmental team with the goal of completing permitting and construction of a ramp to the rich Robinson Zone in 2021.
Based on reliable historical reports and internal data, management believes Castle East may represent the most significant new grassroots high-grade silver discovery in the Gowganda mining camp, and the broader Northern Ontario Silver-Cobalt district, in at least 40 years.
Halliday Appointment
Mr. Halliday first joined Canada Silver Cobalt late last year from Kirkland Lake Gold where he served as resource geologist. A graduate of Dalhousie University in 2007, Mr. Halliday honed his skills for almost eight years with SGS Geostat, known as global leaders in orebody modelling and reserve evaluation. In 2016 he was part of the SGS team that pushed machine learning into the geological realm and claimed top prize in the $1 million Integra Gold Challenge.
For more than a dozen years Mr. Halliday has focused on resource reporting and modelling while also gaining abundant experience with advanced field exploration including major drill programs in Ontario, Quebec, Newfoundland-Labrador, Nunavut and Alaska. With SGS he also enjoyed success in a business development capacity.
Halliday On Expanded Role
Mr. Halliday commented: "I'm excited to take on new and expanded responsibilities to help guide Canada Silver Cobalt to the next level as the leading vertically integrated silver-cobalt company in a prolific district that stretches for 130 km.
"We not only have the grade at Castle East but the opportunity for tremendous scale given the extent of untested ground in a camp where it appears the oldtimers, despite mining around 70 million ounces of silver, took only the low-hanging 'fruit'. We'll have a second drill rig turning by about July 15 as we begin to greatly accelerate this program based on multiple positive indicators.
"We already have exceptional talent within CCW, which we'll be harnessing to an even greater extent, but it's my mission to quickly build a 'Dream Team' that will execute flawlessly for shareholders," Mr. Halliday continued. "This may also include a new VP-Exploration as I focus on making sure we deliver on a dynamic vision for this company in Canada's silver-cobalt heartland. We will use the Castle East discovery in unlocking the value of the adjacent Castle mine and all other company assets including Temiskaming Testing Laboratories, following a path that helped build Agnico Eagle – former operator of the Castle mine - into the mining giant it is today."
Maiden Inferred Resource
The Robinson Zone discovery features a very high-grade Inferred resource of 8,582 g/t Ag (250 oz/ton) in areas 1A and 1B for 7.56 million ounces of silver in a total of 27,400 tonnes of material, using a cut-off grade of 258 g/t AgEq. The discovery is wide open for expansion and the Inferred resource does not include a second high-grade silver vein intersected 95 meters below the Robinson Zone. Cobalt is also an important component of this discovery.
The Mineral Resource estimate is dated May 28, 2020, and was independently prepared by GoldMinds Geoservices Inc. in accordance with National Instrument 43-101. A Technical Report with respect to the Mineral Resource estimate will be filed within 45 days from May 28, 2020, in accordance with NI 43-101. The Company reminds investors, as per NI 43-101, that mineral resources that are not mineral reserves do not have demonstrated economic viability.
Mr. Halliday is replacing Mr. Frank Basa as President while also assuming the new position of Chief Operating Officer. With his many years of successful experience in the Northern Ontario Silver-Cobalt district, including his time with Agnico Eagle, Mr. Basa will continue as CEO of Canada Silver Cobalt while responsibilities for day-to-day operations are assumed by Mr. Halliday. "Matt is supremely qualified and has the energy, the expertise and the leadership skills to take CCW to a whole new level," stated Mr. Basa. "We are entering a major growth period and it's time to build out the team to take full advantage of this discovery and an exciting new bull market in silver."
Added a bunch at .42 today. Hope I want 'em LOL!
Added more today. GIL mentioned for (free) subscribers to buy up to .50 USD. Not sure what premium members were told...
From the FREE GIL newsletter -
Good Afternoon,
On March 19th I highlighted two strong buys in the silver junior realm here in our free E-letter (check the actual message below). CCW/CCWOF (Canada Silver Cobalt) has doubled since then and Aftermath Silver (AAG/AAGFF) is up 3.5X in just 2.5 months! This alert went out during high fear in the markets, so I think level of the action taken by readers was limited. But, some of you no doubt jumped in!
If you did, I would love to hear about it. I also suggest selling 1/3-1/2 of the Aftermath Silver to lock in profits and let the rest ride for free. CCW is about to run again I feel, as you can see via the charts attached below. Once CCW breaks .60, it should gallop toward the 2018 high of .90. In addition, when zooming out to the 10 year chart, there is a clear channel that, if it continues, would infer a major run to $4-5 per share!
CCW had strong news today promoting their VPX (Matt came from Kirkland Lake) to a broader role in operations. A 50,000 meter drill campaign was forecast in the PR! That is one hell of a program, and even 10k meters will bust this ultra high grade new discovery at Castle East wide open. I have added to my CCW position since the March dip and feel quite confident that it is destined for the $1 plus area very soon.
Readers can still buy CCW up to .65 CDN or .50 on CCWOF. I'll update on another one of our top silver juniors in the morning as well. Here are my thoughts about CCW/AAG from the March 19th email in case you missed it...
March 19th:
My top new silver discovery junior miner investment remains Canada Cobalt Works (CCW/CCWOF), which went from .32 to .72 after I made it my top choice in November. Now, it's back to .28!!! The only things that have occurred since last November are INCREDIBLY bullish developments. CCW remains a strong buy to .35 CDN right now.
Keep in mind that companies who do potentially have extremely bullish news, are sitting on their hands until it will actually have an impact in the market. Once volatility levels off in general, you'll see a slew of juniors that are drilling release some amazingly bullish news
Next, my top silver junior pick in terms of discovery AND value in the ground, will be released shortly. This is an amazingly cheap silver and gold junior that should be trading 150-200% higher just to catch half way up to general PEER valuations! It has been cut in half this past month as well. Premium members are focused on buying more here and I'll give them an exclusive for another week or so before potentially releasing this pick here.
New Idea
I have added a position in Aftermath Silver (AAG/AAGFF) at an average of .10 CDN this past few days. They have nearly $4m CDN in cash, a $2.5M USD enterprise value, AND Eric Sprott just invested $3 million at 100% higher than current prices (.20) just over 4 months ago! I'm happy to share some extra ideas recently with free members as you can see this week with our 3X ETF's trades etc., and now Aftermath.
Thanks, Seek. Nice move on the spike in PoG. Any chance we see some follow through here?
Sure would and I think we will.
Added more in both of my accounts today. Would be nice if we see a move like ABRA.v.
Great to hear it, Seek. Good luck to us!
Added more again today. GIL mentioned again yesterday. Sure hope that doesn't mean this is at the top LOL!
New GIL comments
My favorite junior silver mining stock at this time remains Canada Silver Cobalt Works (CCW/CCWOF), trading for .48 CDN/.36 USD. A big part of why this is, are the unbelievable GRADES that CCW is hitting in their new Castle East discovery area. We just recently saw them publish a maiden 43-101 resource that averaged 250 OUNCES per tonne silver!!!
I expect this resource to potentially expand 10 fold in terms of ounces rapidly, and current drilling should produce more stellar intercepts. Below are some highlights of this rapidly evolving high grade silver discovery story. I am adding shares under .55 CDN or up to .42 in CCWOF.
Does anyone out there know of a higher grade new silver discovery on the planet? If so, please do email me! If there is one, I am unaware of it.
June 8, 2020 CCW Update - Key Highlights
Drill Program in Progress
-Castle East Phase 2 drilling aims to build out the Robinson Zone high-grade SILVER discovery in the prolific past producing Gowganda Camp of Northern Ontario. Watch for exciting new developments and strong news flow throughout June and the balance of 2020.
-CCW’s Robinson Zone at Castle East has an Inferred maiden resource of 7.56 million ounces of SILVER @ a spectacular average grade of 8,582 g/t Ag or 250 oz/ton, in 2 zones of the Robinson Zone, making this one of the highest-grade early stage SILVER deposits anywhere in the world.
Large Scale Potential
-Castle East is a vastly under-explored part of the Gowganda Camp where very limited surface outcrop deterred historical work. The relatively untested volume of diabase is estimated to range between 970 million and 1.45 billion cubic meters, far exceeding the estimated total diabase volume of the Castle mine (10 million historical ounces produced).
-Castle East is in well-established Northern Ontario mining camp with no First Nations or environmental roadblocks. Three significant past SILVER producers (~70 million ounces) are located within 2 km to the west. Strong GOLD potential in parts of Castle East and elsewhere on property.
Multiple 2020 Catalysts
• Castle East and Castle North discovery potential - SILVER, Cobalt, GOLD and base metals
• Underground drilling and development at Castle mine
• Vertically integrated with acquisition of TTL facility (formerly PolyMet ) in the town of Cobalt
• Re-2OX (proprietary and environmentally friendly process for metal recovery)
• High-grade SILVER extraction targeted at Castle and Beaver tailings
Chart Strength
• One of few Venture stocks to post annual share price gains for 3 consecutive years
• Imminent “Golden Cross” as rising 50-day SMA pushes above rising 200-day SMA
Canada Cobalt Works Inc. changed to Canada Silver Cobalt Works Inc.:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Someday. Until then, we'll continue to see paper manipulation. I hope miners begin to catch up to physical soon.
Yeah, that's because the "paper' price controls HOW the physical metal is priced and that's absolutely wrong. The paper price is spot and spot for whatever reason determines the physical price. It should be the other way around. I guess maybe because the paper market is bigger than the physical market?
That's going to change very soon.
Yep. Sucks that price of silver has no relation to cost to mine it at the moment. Stupid.
You heard what he said about supply/demand and how at the current spot prices he wasn't in any hurry to sell a lot of silver. I don't blame him.
Comments on whether industrial demand down affecting silver price.
I think too this will do well when ever PM turns. We also know they are holding news until it makes sense to release it. So that should really help to jump start this one early on. As some others may have to wait longer to get rolling.
You may want to consider HAVXF as it is similar to CCW only lots of gold.
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About Canada Silver Cobalt Works Inc. ( CCWOF ) www.canadasilvercobaltworks.com
Canada Silver Cobalt Works ( CCWOF ) released the first-ever resource in the Gowganda Camp and greater Cobalt Camp. In May 2020. A total of 7.56 million ounces of silver in Inferred resources comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Robinson Zone beginning at a vertical depth of approximately 400 meters. The discovery remains open in all directions (1A and 1B are approximately 800 meters from the east-trending Capitol Mine workings) (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28, 2020).
Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space.
Canada Silver Cobalt Works, a unique and rapidly growing silver-cobalt focused company,
is an exploration, development, technology, and environment leader in the prolific Northern Ontario Silver-Cobalt District.
Vertically integrated Canada Silver Cobalt has quickly taken the exceptionally high-grade Robinson Zone silver discovery to a maiden inferred resource.
Zones 1A and 1B have an average silver grade of 8,582 g/t (250.2 oz/ton) in a combined 27,400 tonnes of material for a total of 7,560,200 Inferred ounces.
https://canadasilvercobaltworks.com/
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