Basa on the disruptive Re-20X cobalt process
“We have a process. It is called Re-2OX. I can take cobalt, any cobalt ore or concentrate, and actually produce cobalt sulfate regardless if you have high arsenic or low values of cobalt. We have shown the world we can do it.” States Frank Basa, President, CEO and Director of Canada Cobalt Works Inc. (TSXV: CCW | OTCQB: CCWOF), in an interview with InvestorIntel’s Tracy Weslosky.
Tracy Weslosky: You are one of the few top 100 stocks I have been following in the last year that has not only maintained, but actually moved up. What do you credit to your success?
Frank Basa: I think we are a resource based stock, but we create what we call a technical. We are telling the world we have a process. It is called Re-2OX. I can take cobalt, any cobalt ore or concentrate, and actually produce a cobalt sulfate regardless if you have high arsenic or low values of cobalt. We have shown the world we can do it.
Tracy Weslosky: We are cleantech. We are technology, but we are also cobalt. Tell us a little bit more about the cobalt because I saw some very good drilling results here this last year.
Frank Basa: Yeah. The reason we have such good drill results we are the only ones in the cobalt camp that went underground. To really find the cobalt you have to go underground. That is why our results look so good. If you also look at it, it is not just the cobalt. We have two spectacular silver assays as well. In reality what we are going to do, we are going to produce the cobalt for nothing and the silver will pay the bills. We are good with the cobalt price. Regardless of where it is we still make money.
Tracy Weslosky: For all of you cannabis investors out there that are gaming, please understand that silver is the number one technology metal. If you could tell us a little bit more about silver, how big your silver deposit is and just kind of give our new audience a little bit of an overview please.
Frank Basa: What we have are very high silver values, which a lot of our investors were surprised at. We normally get like 100, 200, 300 ounces a ton in our core while most people get, let us say, 10, 15, 20 ounces a ton. This is a cobalt camp. The cobalt camp is known for high-grade. In reality the grades we have is actually low-grade. In the history of cobalt camp, it was not unheard of to have 1,000 or 2,000 ounces a ton in the core. We have the best so far. We have about 500 ounces a ton in the core, but even that is really a wonderful grade when you look at it.
Tracy Weslosky: For all of you investors out there that are looking for a conflict-free source of cobalt for the cleantech rising market, could you tell us more?
Frank Basa: First of all, we call ourselves Canada Cobalt Works. Just the wording, Canada Cobalt Works indicates we are conflict-free cobalt. Being in Ontario is very, very nice for us. The people are wonderful. First Nations is wonderful. We are working with the community. What we are trying to do is actually revitalize the camp, provide a service to the community, provide a service globally…to access the complete interview, click here.
Disclaimer: Canada Cobalt Works Inc. is an advertorial member of InvestorIntel Corp.
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