EQUITY GURU - Daniel Caamano (Coporate Developement of CPO) “We wanted to be aggressive on exploration, not aggressive on promotion,” says Caamano. “There are others in the region and sector that really focused on acquiring any project they could at whatever cost, just building a portfolio and not putting anything into the ground. If that leads to a project generator scenario or just an asset base, fine, but that’s not us. We were one of the first in the space in the Cobalt Ontario region, we had an intimate connection with a guy who lives there, and has worked the area for years, who knows where to go, what to stake, so we feel we have the best land package, in geo terms, that’s available. We didn’t have to go acquire ten projects and figure out which one works, we focused on the one where we can really believe in what we have, we’re not spread thin, and focus on that deal because we have geological certainty that, in our opinion, this is the spot.”
While the company definitely isn’t promotional in nature, the story is starting to become clearer – and get out. That stock price jump has gone from a few cents here and there to a definite upward trajectory of late. Caamano says a number of factors play into that, but that fortune favours those who get in first.
“It’s certainly a combination of factors. The [cobalt] sector has been moving, the Cobalt Ontario campus is starting to be seen as a true mining region too. First Cobalt (FCC.V) and Cobaltech (CSK.V) and Cobalt One are coming together, forming a larger company in the area, which shows there’s interest not only from the investor side but the sector in general.”
As for next steps, CPO has a firmly laid out plan, that it will go at even harder now that six figures are coming into the kitty.
“A few weeks back, we found a new mineralized zone on our property, so we’re keen to get some holes into it and see how it plays out on the trend. This is basically what we’ll do once we hit phase II, following the trend where we began, and punch a few holes into the new mineralized zone, which is about 800m to the SE of the existing. That allows us to proceed with determining where we’ll develop our other properties, which are all contiguous to the Smith Cobalt, so we’ll be able to plan for those as well.”