CRUUF ( Cameo Cobalt Corp. )
Alert Price: $0.0958
Company Website | Recent News
Our top Cobalt play of 2019 is back in the buy zone!
it's time to put CRUUF ( Cameo Cobalt Corp) back on your radar.
This energy metals explorer is back under 10-cents, and we're betting on an easy move of at least ten to fifteen percent tomorrow.
The Company just made another strategic acquisition that we believe will serve as an immediate catalyst for a major breakout in the days ahead.
Last week, the Company announced it has entered into an asset purchase agreement to acquire, from an arm’s length third party, three mineral claims adjacent to the Company’s Big Mac gold property. The Big Mac Gold Project shares more than 30 kilometres of contiguous claim boundaries on the east and west sides of Aben Resources Ltd.'s Forrest Kerr gold project. The Big Mac Gold Project is also located just north of properties owned by Garibaldi Resources Ltd. and Colorado Resources Ltd.
We view this as a very shrewd move by the management team over at CRUUF , as gold prices are expected to sky rocket this year.
Among those that are most on the precious metal is Goldman Sachs. The investment bank maintained its overweight recommendation and raised its 12-month price forecast up from $1,350 an ounce to $1,425, a level last seen in August 2013. Goldman analysts contend that the gold price “will be supported primarily by growing demand for defensive assets, with a slower pace of Fed rate hikes in 2019 boosting demand only marginally.”
CRUUF is your key to capitalizing on the EV (Electric Vehicle) market for less than ten cents a share!
Companies like BMW , Nissan, Volvo, Tesla , GM , and Ford are all competing to become the leader in the electric vehicle space. Tesla CEO Elon Musk believes that more than half the new cars produced in America will be electric in ten years. Regardless of who comes out on top, all these automakers will need a supply of lithium to make car batteries.
There's a dire demand for cobalt to continue fueling the electric vehicle revolution.
Some have even said that cobalt may take over lithium as the star performer in the niche metals market. Cobalt is valued for its ability to withstand the crazy amount of heat that is generated by lithium-ion batteries.
CRUUF could be one of the most exciting cobalt plays in the market right now given the projects it has and these levels could be at the ground-floor!
CRUUF holds an option to acquire a 100% undivided, unencumbered legal and beneficial interest in the Montreal Cobalt Project, located 15 km southwest of Santiago in the past producing Metropolitan Region of Chile.
The company's Montreal Cobalt Project consists of 16 mineral claims and comprises a total of 4,500 hectares. It is less than 2 kilometres away from the past producing Merceditas mine.
The acquisition of the Montreal Cobalt Project has entrenched CRUUF in two of the three historic cobalt-producing regions of Chile!
CRUUF is the ultimate value play for those looking to cash in on the inevitable EV (Electric Vehicle) boom.
Here are just a few other reasons why we believe that CRUUF is due for a breakout of epic proportions
Cobalt demand is forecasted to triple in the next decade
Most of the world's cobalt production is concentrated in the Democratic Republic of Congo, where it has been revealed that children work in hazardous conditions mining the metal
It is now the 100% owner of 1 of only 2 molybdenum mines in Canada
61% increase molybdenum spot prices over the past year mean real feasibility of the Max Mine and Mill. Upward price movements are further amplified by Trump’s Trade War with China, affecting global molybdenum supply chains.
BMO Capital Markets has raised its price forecast for molybdenum on the back of expected limited output growth and rising demand from the oil and gas markets.
Max Mine and Mill’s past operator, Roca Mining had a market capitalization of more than $400 million with this asset.
Exposure to the looming gold bull market, by way of its 100% owned Big Mac Gold Project in the prolific Golden Triangle.
Currently rated as a "Buy" by the analysts at barchart.com
Has entered into an asset purchase agreement to acquire, from an arm’s length third party, three mineral claims adjacent to the Company’s Big Mac gold property. The Big Mac Gold Project shares more than 30 kilometres of contiguous claim boundaries on the east and west sides of Aben Resources Ltd.'s Forrest Kerr gold project. The Big Mac Gold Project is also located just north of properties owned by Garibaldi Resources Ltd. and Colorado Resources Ltd.
CRUUF closed Friday's session out strong, up over four percent, and just below session highs.
It has also closed in the green the past three sessions, while continuing to trade on higher than average .
This is a major indicator....
We see limited downside risk, and almost unlimited upside potential from this alert price.
That being said, we ask that all members read our full profile, start their research now, and consider grabbing up a position in CRUUF tomorrow morning at 9:30AM EST!
About Cameo Cobalt Corp.
Cameo Cobalt Corp. (OTC: CRUUF ) Invests in rare earth and precious metals projects. It has been garnering attention lately and has some notable lithium projects in the works.
They include: the Big Mac Gold Project, the Will Gold Project, the Carrizal Cobalt Project, the Montreal Cobalt Project, and now the with yesterday's acquisition, the MAX Mill and Molybdenum Project.
Big Projects = Big Revenue
Three weeks ago, CRUUF announced the completion of their acquisition of the Max Mine and Mill, Willa Property.
The acquisition of the Max Mine and Mill is a major development and a catalyst for growth as CRUUF only has a $5,000,000 market cap and these assets represent an opportunity of drastic growth in the valuation of the firm by 5x – 10x conservatively in the near term.
The deal is a combination of $203,982 in cash considerations, 5 million common shares and a grant of 50% net profit interest in the two mining properties going forward. The net profit grant is active only after Cameo has recouped its capital investment and pre-production cost.
Roca Mines Inc., the previous operator of the Max Mine and Mill traded at a market capitalization of more than $400,000,000. This highlights the management teams acquisition prowess and can give investors confidence in further growth of CRUUF .
While Energy Metals are forecasted to be the future of the automotive and energy storage industries, this company has built a dominant position in the booming gold market and holds claim to the most lucrative molybdenum call option on the board.
It looks like the management team over at CRUUF read President Trump's "The Art of the Deal" because this acquisition is shaping up to be the steal of a lifetime.
CRUUF is proving itself to be an acquisition powerhouse having grown its portfolio significantly in recent quarters. The company just completed 3 major acquisitions and is in the process of completing a $2 million dollar private placement that will assist with advancing their exploration programs this year.
The company is now in two out of three historic cobalt producing regions in Chile and has projects in 3 provinces in Canada. Its flagship asset is a 456-hectare project in the Carrizal Alto region that is adjacent to a historical high-grade cobalt deposit.
MAX Mine/Mill Overview
The Max Mine and Mill includes an underground molybdenum mine, crushing, milling and concentrating facilities, tailings storage facilities, mineral claims, mining leases, licenses. other The project is located near Trout Lake in the Revelstoke mining division of British Columbia.
The Max Project is turnkey and permitted with investments exceeding $80 million. The property is 5,489 hectares and consists of 59 mineral claims. The mine holds 22 million tons of 0.5% molybdenum and is one of the top 2 richest molybdenum deposits in Canada.
What is Molybdenum used for?
Molybdenum is used to make alloys and the mineral is able to increase the strength, hardness, electrical conductivity and resistance to corrosion. It is used for the creation of engines, heating elements, drills, circuit boards and electrodes.
Molybendum prices are currently affected by the Trade War between the US and China. This means turmoil for their industry represented by China’s leading Molybdenum producer’s stock being down over 35% in the last six months. China is responsible for nearly half the world’s industrial metal demand and two-thirds of the world’s seaborne trade in steel-making raw materials.
US will need to look to its neighbors for production and the MAX mine is one of only two options in close proximity to America. Molybdenum spot prices are up 61% over the past year and this rare earth element is certainly poised for another bull cycle.
In fact, BMO Capital Markets has raised its price forecast for molybdenum on the back of expected limited output growth and rising demand from the oil and gas markets.
MAX Mine/Mill Project Highlights
1 of 2 molybdenum mines in Canada
59 mineral claims totaling approximately 5,489 hectares
Total investment to date exceeds $80m
MAX Mine complex is turnkey operation and is fully permitted
Big Mac Gold Project Overview
The Big Mac gold project consists of 12 mineral claims situated in the Golden Triangle of British Columbia and represents the largest claim package in proximity of Aben Resources’ Forrest Kerr gold project. The Big Mac gold project is notable as it not only surrounds much of the Forrest Kerr gold project, but also contains significant tenure historically held by Barrick Gold . Aben Resources recently provided an update, announcing discovery of 62.4 grams per tonne gold over 6.0 metres within 38.7 grams per tonne gold over 10.0 metres.
On January 28th the company announced it has purchased a drill ready large land position in the Golden Triangle. This part of British Columbia has seen $100 million in exploration expenditures in 2017 and offers power generation, road infrastructure and abundant resources. The Big Mac project consists of 12 mineral claims across 9,264 hectares close to projects with sizable gold reserves.
Big Mac Exploration Plans
Cameo completed a helicopter-borne magnetic survey in early September 2018, comprising 901 line kilometers over the entire property. This study defined important structures branching east off the regional-scale Forest Kerr Fault Structure.
These second and potentially third order fault splays are interpreted as important controls on the emplacement of high-grade gold and silver veins in the region.
Cameo is currently preparing for an aggressive exploration program on this property that will include ground-based geophysical surveying, soil sampling, mapping and prospecting. This work is going to be done across the Forest Kerr splay structures defined by the 2018 airborne survey as well as zones of known mineralization previously defined by Barrick Gold Corp .
The Company is going to use the results of the Phase I exploration program to generate drill targets on the Big Mac. They will prepare a Notice of Work application for drilling with the BC Ministry of Energy, Mines and Petroleum Resources in 2019.
The potential of a significant discovery in the Golden Triangle has historically offered spectacular results for investors. GT Gold stock gained 646% in 2017, Garibaldi Resources gained 822% in three months and Metallis Resources gained 450% inside of two months.
The company’s $2,000,000 private placement, strong geological team and raising gold metals environment successful drill targets could mean big gains for Cameo Cobalt in the near term.
Big Mac Gold Project Highlights
12 mineral claims across 9,264 hectares
The largest claim package adjacent Aben Resources’ Forrest Kerr Gold Project that has indicated 62.4 grams per tonne gold over 6.0 metres within 38.7 grams per tonne gold over 10.0 metres
Cameo to Acquire Additional Claims Adjacent to Its Big Mac Gold Project in British Columbia's Golden Triangle
The Company announced it has entered into an asset purchase agreement (the “Asset Purchase Agreement”) to acquire, from an arm’s length third party, three mineral claims (the “Claims”) adjacent to the Company’s Big Mac gold property. The Big Mac Gold Project shares more than 30 kilometres of contiguous claim boundaries on the east and west sides of Aben Resources Ltd.'s Forrest Kerr gold project. The Big Mac Gold Project is also located just north of properties owned by Garibaldi Resources Ltd. and Colorado Resources Ltd.
Under the terms of the Asset Purchase Agreement, Cameo has agreed to purchase the Claims for consideration of 20,000 common shares of the Company. The Asset Purchase Agreement and the purchase of the Claims by the Company are subject to the approval of the TSX Venture Exchange. Once issued, the common shares will be subject to a hold period of four months and a day from the date of issuance.
Big Mac Exploration Campaign
The Company is also pleased to announce that it finalizing its geochemistry survey and soil sampling initiatives for the 2019 summer exploration season. Cameo expects to engage Ridgeline Exploration Services Inc. (“Ridgeline”) to manage its summer exploration campaign in the Golden Triangle.
Cameo also reports that Campbell & Walker Geophysics Ltd. (“Campbell & Walker”) is concluding its 3-D modelling of a strong magnetic anomaly stretching more than five kilometres in a generally north-northeast trend across the Big Mac East block claims (see Cameo news release dated February 7, 2019). This anomaly appears to be up to approximately one kilometre wide and is interpreted to hold the potential to record a buried back-arc spreading centre.
The anomaly occurs within Hazelton Group basalts, mapped as Eskay rift fill by government geologists, on a prominent topographic feature referred to as Pillow Ridge entirely within the Big Mac East block and located 16 kilometres northwest of the historical gold- and silver-producing Eskay Creek mine site.
The Company plans to leverage the completed 3-D model of the Big Mac anomaly to locate one or two drill holes with the objective of establishing the stratigraphic context.
About the Big Mac Gold Project
The Big Mac gold project consists of 12 mineral claims structured into three tenure blocks and is the largest claim package contiguous with Aben Resources' Forrest Kerr gold project. The Big Mac West Block is located approximately 3 to 4 kms to the west of the East Block, across the Forrest Kerr Creek valley. As many as twenty mineral showings and prospects from the B.C. government’s MINFILE website occur between the Big Mac East and West Blocks.
Cameo completed a helicopter-borne magnetic survey over the property in September 2018, comprising 773 line kilometres at 150-metre spacing. Interpretation of the airborne magnetic data identifies a strong magnetic anomaly stretching more than five kilometers in a generally north-northeast trend within the Big Mac East Block, as well as cross faults extending from the regionally significant north-south Forrest Kerr fault. This strong magnetic anomaly occurs within Hazelton Group basalts, mapped as Eskay rift fill by government geologists.
As described in the 43-101 report, the Big Mac gold project is in British Columbia’s prolific golden triangle, covering 9171 hectares in two separate claims blocks. The Big Mac East Block (larger of the two blocks) is located between the past-producing Eskay Creek gold and silver mine (16 kms southeast), and Aben Resources’ 2018 drilling (9 kms to the north) which reportedly intersected multiple high-grade gold zones, including 38.7 grams per tonne gold over 10.0 metres.
Cameo Closes Acquisition of Max Mine and Mill, Willa Property
Cameo Cobalt Completes Big Mac 43-101
Cobalt demand remains strong due to the electric vehicle EV boom.
Each new electric vehicle ( EV ) uses about 10kg (22 lbs ) of cobalt.
The recent nickel shortage has attracted a lot of attention. What is less known is that molybdenum too is in ever greater demand, with tightening supplies and soaring prices. A world-wide boom in infrastructure projects, especially those which have critical applications, has fuelled demand for this versatile metal. Stainless Steel World asked Nicole Kinsman and Hans Imgrund of the International Molybdenum Association to explain the background and indicate what the future may hold. Their findings suggest that supplies will remain tight in the short term, but that the long-term supply prospects are looking good.
Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high.
From a technical standpoint, CRUUF looks like a no brainer.
But don't just take our word for it....the analysts at barchart.com are also on this ticker, and have rated it a "Buy" based on several key technical indicators.
Shares of CRUUF were trading over forty-cents just last summer.
A run back to those highs from today's alert price would show traders well over +300% in real profit.
CRUUF closed Friday's trading session strong, up over four percent, and just below session highs.
It has also closed in the green the past three sessions, while continuing to trade on higher than average .
This is a major indicator, and it means that momentum is on our side....
In our very own modest/unlicensed opinion, we are betting on at least a ten to fifteen percent move from CRUUF tomorrow
We see limited downside risk, and almost unlimited upside potential from this alert price.
As such, we are urging all members to start their research now, and consider grabbing up a position in CRUUF tomorrow morning at 9:30AM EST!
(*Remember to use a basic Stop-Loss Order or more advanced Stop-limit Order to protect your gains, as well as limit possible losses.)
The TopMarketGainers Team
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