Guys, CCZ activity report for the next quarter would be outnext week……
You would notice that much of the attention of CCZ would beon the Cobalt exploration at BHA. You would have noticed BHA got much neededattention last quarter after (ASX: COB), major cobalt reserve holder receivedmajor project status (MPS) from the Commonwealth Govt that meant COBwould be eligible for millions of the grant from the Comm Govt just as LYNAS RRE in WA received after the MPS status.
CCZ owns 100% leases at BHA in close proximity of COB andtherefore, BHA has significant potential of major Cobalt discovery at par orbetter than COB.
Many CCZ announcements on BHA one week after another showedjust that. Why would CCZ invest money at BHA if there wasn’t a change in CCZstrategy and direction. This was perhaps because Cobalt market price had risento about $85,000 USD per tonRussia and Ukraine war has drawn geo-political fault lines across the globe that is not going disappear for several years from now. Sanctions of metal and mineral resources saw Nickel jumping to over $100,000 USD per ton for a short period last month.
So, I’m positive about CCZ for now….for a number of reasons….andI expect CCZ to reach 6 c and above in June 2022 as soon as CCZ commencedrilling campaign at BHA….
DYOR
Read below for more on Cobalt:
Cobalt is a very scarce small metal resource and is known as“industrial monosodium glutamate” and “industrial tooth”. It is one of theimportant strategic resources. Cobalt resources are mostly associated with copper-cobalt ore, nickel-cobalt ore….Currently, the traditional areas of consumption andapplication of cobalt are mainly battery materials, super heat-resistantalloys, tool steels, hard alloys, magnetic materials; ……….cobalt is widely used in aerospace, machinery manufacturing,electrical and electronic, chemical, …….. ceramic pigments, catalysts andbatteries.
https://www.samaterials.com/content/what-is-cobalt-used-in-everyday-life.html
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