Metallurgical Tests, page-13

Drill results can be a deadly game of snakes and ladders. I just saw that MEI, a junior cobalt explorer, came in today with very thin veins of low grade cobalt. The stock is down about 40% on today's news. Poor buggers. I just hope we do better. Our neighbour, CCZ is also waiting for its drill results, and everyone is hoping for good copper grades. Good luck amigos.

At least we know for CZN that the Mt Gilmore tenement has given remarkably good grades of cobalt in the previous drilling. If the forthcoming drill results support the trend, our share price should have turned the corner. Also, there is the "gold anomaly" a few kms to the south which may have been the target of one drill in this program? Gold assays take a bit longer than the analsyis of the other metals, and maybe CZN is going to wait on all gold assays for the 14 holes before they give an announceement on the cobalt, copper and gold. So a bit more patience. Also, I am starting to get a bit more positive about the cobalt resource in Canada, and the chance that it may be possible to reopen the Lake Lynn mine as a cobalt mine with nickel/copper credits. (40 years ago when the mine closed, cobalt may have been showing in their drilling of extensions, but ignored becasue of cobalt's low price in those days). But all just guess work, amigos.