RE:RE:RE: When's the rollback? I was in contact with Wayne recently. The Graal spinout deal is still in the hands of the lawyers and the exchange. The Granada bulk sample has been completed at TTL and is undergoing analysis regarding the results. The company is still awaiting the results from the recent stripping and sampling program at Castle East. The company has done some preliminary work at its lithium properties and is waiting for some results from there. The company is still waiting for the new Ontario mining regulations to be published.
The idea of the Graal spinout in my mind is simply that those shares would be subject to a roll back for that property alone. The number of shares and their price for that new corporate entity has not been released yet. Those details are still being worked out. So I have no idea about what's coming in that regard. But it matters little to me. We will all get our fair share based upon some proportional number relative to the number of shares of CCW we already have.
Recent sellers who have sold out all of their position will of course get nothing, unless they buy back in. But that would be stupid. Because they would have to pay all of their commissions, once again. They should just purchase something that they like better or stay out the market altogether!
The Graal property shows some promise but it hasn't been drilled enough to define any inferred resource at all. The present numbers only suggest the possibility of a commercial resource there. A lot of exploration work still needs to be done at that property! Any needed dilution done to raise capital there will be incurred by shareholders of that new corporate entity only! This is the most cost efficient way of developing that property at the present time. It represents no commercial value to CCW at all, until the remaining work has been finished!
In theory, Graal could have the potential to be a deposit of some significant size, say perhaps 30 to 50 million tonnes, or greater! But this only a guestimate, at this time! Lots of drilling there still needs to be done!
It is my idea that a similar approach to financing may be made for any development at other properties as well, if they are deemed worthy of further exploration effort at some future date. But there has been no company policy in that regard that has been announced to date, as far as I have heard. Each property could be independently financed by private placement in future years. It all makes sense to me. But nothing is official. I am just speculating! It just doesn't matter at this point! It's just an idea!
The company has hopes that they may be able to test the concept of milling discarded tailings in a commercial way at the TTL facility. But this is also, just an idea, until it has been approved by the Ontario govenment and has been tested out by CCW for its commercial viability. Tailings could be a possible substantial source of cheap and cost effective raw, unprocessed material that could return considerable revenue to CCW, for perhaps, many years to come!
Then there is the old Castle mine and the Castle East ramp mineralization available for development. But it would take a substantial amount of funds to get the approval process for those two projects done with the government. This is an expensive process that could cost in the millions. But once it is finished, that would allow the company to process its extremely high grade silver ore at the TTL mill in small, but in very lucretive amounts, for the revenue dollars it receives. The final step is the production, on site, of silver dore bars, which also, could contain some substantial gold content as well. Those bars are easily sold!
The best case scenario would be that the mining of tailings would be approved for processing by the Ontario government, so that they may be milled without an expensive approval process and without all the red tape that it would entail. Secondly, that the testing of the milling of tailings at the TTL mill could lead to a commercially viable operation that would lead to a substantial revenue stream for the company. Those dollars could pay for the old Castle mine permitting and development and Castle East pemitting process which would release those resources for processing at the TTL mill or at any other milling facility that might become available in the future. The company would like to build a larger, near site specialized mill, using their Re-20X technology, at some future date.
So it is early days still. There are many possible variables on the table pertaining to a possible future revenue stream. If the tailings process gets government approval soon and the testing works out well, then we might expect that the price of our shares could take off, very quickly!
I would expect that we may could be looking at a 10 bagger here, in little time at all, from present day, share price levels. Only the word of success, would have to get out!
So now, you can see where this, all might lead!
I am staying invested with every share that I own!
It may still be a gamble for some, but it's still a good one to take!
All the best! Java