Wayne Tisdale on the $BULL metals of 21C: Palladium, Cobalt & Copper
“We have a really good project in there. We have 522,000 ounces indicated 43-101. We are going to 2 million ounces. It is very mineable, very pittable. It is in great shape and it is drill permitted. We start drilling in the next couple of weeks.” States Wayne Tisdale, President and Director of 21C Metals Inc. (CSE: BULL | OTCQB: DCNNF), in an interview with InvestorIntel’s Tracy Weslosky.
Tracy Weslosky: I will tell you what I love is the trading symbol BULL. We have got palladium for today and cobalt for tomorrow. Why don’t we start with the palladium since palladium is the bull market presently?
Wayne Tisdale: It is a little bit more of a story. How I ended up with both projects is, last year I sold U.S. Cobalt to First Cobalt. We started it about 2 years early. Spent about $10 million and we got $140 million back for the thing. I thought I was doing pretty good. I went into Germany and the Czech border and took a big project on for copper-cobalt. Then as the cobalt market, sort of, deteriorated a little bit I started to look around for the alternative. I ran across David who is a well-known project generator. I purchased a very good palladium prospect from him in Ontario, 80 kilometers west of Sudbury. It is right in the area. We have a really good project in there. We have 522,000 ounces indicated 43-101. We are going to 2 million ounces. It is very mineable, very pittable. It is in great shape and it is drill permitted. We start drilling in the next couple of weeks.
Tracy Weslosky: Okay. That just leads into the news release I was going to ask you about. You have got a 21C Metals Closes Transaction To Acquire 43-101 Inferred Palladium Resource. This is the Ontario project you are talking about, correct?
Wayne Tisdale: That is correct.
Tracy Weslosky: Okay. Can you just tell me what we should anticipate as shareholders with the Sudbury project here over the next quarter or two?
Wayne Tisdale: What I think you are going to see is us increase the size of the indicated reserves. We are putting one drill on immediately and we will probably have the second one on in July. It is a pretty simple project. We are just drilling off a known structure. It is open pittable. It dips at 55 degrees. It has got a 1 to 1 ratio, stripping ratio. It is a pretty simple project. We are just going to drill it off and take it into that 2 million ounce reserve.
Tracy Weslosky: Of course Wayne, here at InvestorIntel we are always recommending that investors really look at the pattern of the CEOs, the leaders, the management in the various companies. Your track record is impressive. We are going to encourage investors out there to look you up and find out more about you. I have to ask, with all of your successes, why in the world would you want to do another exploration company? I have to ask.
Wayne Tisdale: I love it. I enjoy myself. I love the spirit. I love the chase. I cannot imagine not doing that. It is the most fun thing I can do…to access the complete interview, click here
Disclaimer: 21C Metals Inc. is an advertorial member of InvestorIntel Corp.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>