Reasons supporting today's buying
Gold Investment Letter comments:
Reasons I'm so Jazzed about CCW Below
A cobalt company as a top silver play? YES. The Castle mine in Cobalt Ontario was one of the highest grade silver mines in North America for years, run by Agnico Eagle back in the 1980's. Canada Cobalt Works (CCW/CCWOFF) now owns it and benefit from both the high grade silver and cobalt in the underground mine. However, this story has evolved into a MUCH BIGGER SILVER story!
REAL and meaningful revenues are coming in 2020 from silver production via tailings processing and a new e-waste business they just acquired. Unbelievably high grade historic holes from Castle East in 2011 (over 1,000 OUNCES per tonne at half a meter and almost 200 ounces per tonne over 3 meters) are being followed up on this month! This "new" discovery has the potential to make CCW the hottest silver exploration story in the entire market!
For more than 2 years now, the team at Canada Cobalt (CCW, TSX-V) has been carrying out extensive work behind the scenes to catapult the commercial rollout of the company’s Re-2OX process. This proprietary and environmentally friendly hydrometallurgical process, with enormous market potential, has been proven to effectively remove at least 99% of arsenic for high recovery of multiple metals and elements from all feeds with varying chemistries.
Re-2OX is extremely adaptable and has so many potential uses, from solving the Cobalt recovery problem in the Northern Ontario Silver-Cobalt Camp to efficient recycling of spent Lithium-ion batteries. Just over a year ago, of course, Canada Cobalt became the first junior during the battery arms race to produce a high purity Cobalt sulphate product from its own mineralized material, thanks to Re-2OX. Just a week ago we learned that CCW scored a double whammy – the company has just poured its first Silver bars from Castle waste material through conventional means while also having used the same waste material to extract Cobalt through Re-2OX – to the best of our knowledge, that’s a first for any junior resource company.
Canada Cobalt now has a facility (just 50 meters from a regularly operating rail line) to host a full-fledged Re-2OX Pilot Plant in the heart of the town of Cobalt, the birthplace of Canadian hard rock mining. Re-2OX can also play an important role in the “urban mining” capabilities of the PolyMet facility (just acquired) with high-grade precious and base metals extracted from e-waste including mixed computer circuit boards (nearly 1 ton of a trial run returned more than 7 oz/ton Gold, 30 oz/ton Silver, 2 oz/ton Palladium and 11% Copper – phenomenal numbers that equate to about $15,000 U.S. a ton). And, this is scalable!
There are several moving parts to the Canada Cobalt story – just one of them needs to connect in a major way to send this stock to new all-time highs (it ran hard and fast to .90 last year).
PolyMet facility acquisition provides a home for Re-2OX and multiple near-term revenue streams for Canada Cobalt (bullion pouring, bulk sampling, commercial assaying and e-waste);
Tailings program – 50,000 ounces per month is possible with CCW’s low-cost initiative in final stage of government approval process;
Fresh underground drilling at Castle mine to follow up on spectacular Phase 1 results;
Underground work at Castle mine, including blasting, to provide high-grade material for Silver pouring at PolyMet;
Regional exploration – strong potential for a big new discovery at Castle East.
Major resistance on the chart doesn't show up until the mid .50's, so we have a very juicy trading opportunity on our hands. But if 2 or 3 of the things mentioned above are followed through on and successful, CCW could be a $2 stock next year. It's very possible.
The huge volume this morning is a cross in the market getting strategic investors positioned! For those that are nimble, put bids in at .34-.35 and you can catch some of this volume at/near the same price as these crosses occurred...which was 2.2m shares total (already gone). Otherwise, CCW is a strong buy up to .37 today/.29 on CCWOF in the US.
I strongly suggest members get loaded up in CCW because it's going for a ride! Here is their latest PPT: https://www.canadacobaltworks.com/wp-content/uploads/2016/11/Canada-Cobalt-Presentation-November-5-2019.pdf
Gold Investment Letter
Gold Investment Letter