Friday, 30 October 2020

TNR Gold - Copper And Lithium's New Chapter Of Business.



Guest post:

TNR Gold | Copper and Lithium's New Chapter of Business

Konstantin Klip


A mighty global consumer pull towards EVs and a breakneck international policy push of renewable utilities/macro size batteries is a magical moment for lithium & copper. While the former shows strength so far only in Far East M&A’s, western equity markets are much more open to a traditional metal like Cu and it has been rising hard as a leading indicator of inflation & speculation.


Copper remains Goldman’s favourite commodity based on cyclical and structural support. For good reason, too - China unveiled that it had set aside $900 billion to be spent over the next five years towards developing a familiar infrastructural mix of mass ultra-high voltage power transmission installations, vehicle charging systems and also deploy “new digital infrastructure”.

The EU & US have their own answer to China’s infrastructure plan. The global(ist) Build Back Better mantra finally has the green light to show some financial teeth. And these are fiscal fangs, not monetary, and the kind that have been severing the jugulars of committed short sellers so far while monetary institutional herbivores grimace and grind their teeth to the best of their negative interest rate ability.

“Fiscal policy is the big game in town now,” said Stephen King, senior economic adviser to HSBC Holdings Plc. “As a central banker, you have to accept in that sense you’ve lost a bit of power to the political process.”

An internal audit for the International Monetary Fund expressed lamentation for the decision to call for austerity in the wonderful years of 2010 & 2012 when the economy was still crippled by the global ‘self-automated’ car crash. A new message is affirmed by the IMF: Print Now ‘Till 2025, Consequences for the Balance Sheet be Damned.


German officials say there’ll be no return to balanced budgets in their own country anytime soon. Yoshihide Suga, Japan’s new prime minister, has said debt consolidation will have to wait until growth is back — and suggested there’s no hard limit to how much his government can borrow.

The West is fully encouraged now by regulatory institutions to flood irrigate investment and stimulate - without relent - their way out of the current recession. Maybe this is the right decision - sometimes the drinking water is to put the house fire out, and the audit comes later. 


We must point out that there does lie an alternative to The Way of the Fed. Looking, as we now so frequently do, to China we see that the state ruled out indiscriminate "flood irrigation" stimulus early on in the pandemic. It not only recognized but countered desperate financial engineering by both government and market participants and actively avoided balance sheet expansion and the monetization of its budget deficit. Rewarded for its discipline, China's 10 year bond yield is now weightier than it was pre-covid.


We're not complaining, though. Gold's reputation as a counterweight hedge against stock market performance eclipses an important caveat to an otherwise inverse relationship. When monetary bovines start bleating and interest rates go negative, when real bond yield flop, gold will rise regardless of green market performance, because participants must still hedge and buying Fed IOU's in deflation no longer makes sense. And this is the part of the class we all forgot back in April, back when we were wondering if gold would break $1700. Going forward, ask yourself what has changed now.


TNR’s CEO, Kirill Klip, commented: “Recent M&A Royalty deals in Argentina are elevating the entirety of TNR Gold’s portfolio towards legitimately positive re-evaluation. Rob McEwen called Taca Taca Copper deposit as a very good proxy towards the true value of giant Los Azules Copper. This month, Nova Royalty paid USD $12.75 for 0.24% of NSR Royalty on Taca Taca. In comparison, TNR Gold holds 0.36% NSR Royalty on the entire Los Azules Copper project. This deal by Nova Royalty provides an excellently favourable benchmark for the potential valuation of TNR Gold Corp’s Los Azules Copper NSR Royalty Holding”.


Stubbornly rising gold prices are a favorable seasoning to projects nestled in safe, ready to go jurisdictions. Bank of America projects a $3,000 shoreline in the near vicinity of the elections. We can see our own justifications for that below with a healthy cup (with a handle holding at current prices) and a resolution that's double the depth.

Chart by NorthStar

The lockdown days have shown that the Company benefits from skyrocketing gold, while not being subject to its own corrections; flotsam on a rising tide it is not. TNR Gold (TNR.V) has Gold in the ground for the pessimists and royalties levered to a bullish trend for the optimists. Eric Sprott sees the market buying into sustained gold prices, makes a positive revision of double his own price-per-ounce estimates; from $50 to ‘$100per oz in the ground’.


Don’t wait for the big players to reorient your portfolio within the energy & meals sector. For as BP’s Bob put it, “If someone said, ‘Here’s 10bn to invest in renewables,” we wouldn’t know how to do it.”

TNR Gold is fully plugged into the reality of the times. From the release of practical & popular EV mobility systems to the mass uptake of ancillary battery storage for rising renewable grids, a bet on copper and lithium is a bet on the new chapter of business. TNR Gold is plugged in via copper and lithium royalty holdings with industry leaders McEwen Mining and Ganfeng Lithium.


Kirill continued: “TNR Gold shareholder NovaGold is moving forward developing the giant Donlin Gold project together with their JV partner Barrick Gold. CEO Mark Bristow has confirmed that Donlin is a key project for Barrick. They are conducting the largest drilling program at Donlin Gold to-date and, apparently, like what they see. TNR Gold has found Gold at our Shotgun Gold Project located near Donlin Gold as well.


Very limited drilling has allowed us to produce NI 43-101 report identifying initial inferred resources of 705,960 Au Oz. We are now very well positioned for further development in-line with our strategy. Valuations for the Gold in the ground are rising already as well. NovaGold was trading as high as USD $205 per Au Oz this year, Eric Sprott is applying his “mental valuation” of USD $100 per Au Oz for different projects and Ronald Stewart from AuCu Research is tracking the increase in valuations from USD $50 to $70 per Au Oz in the ground for exploration companies this year already.”

Dr Tim Baker







Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.




Tuesday, 27 October 2020

TNR Shotgun Gold Project In "The Alaskan Elephant Country". "Donlin Gold Set To Grow Resource - Barrick Gold Boss, Mark Bristow, Said: "The Results Continued To Highlight Donlin's World-class Potential."


We have another confirmation for the magnitude for the giant Donlin Gold Project in Alaska. TNR Gold shareholder NovaGold is developing Donlin Gold in a JV with Barrick Gold. Barrick Gold Boss, Mark Bristow said: "The results continued to highlight Donlin's world-class potential". Earlier this summer Barrick Gold has confirmed that "Donlin Gold is a key project for Barrick Gold"

"With the industry burning through reserves, and grades continuing to decline, great drill results with even higher-than-modelled grades are exciting for any mining company - and we believe that to be particularly true for Donlin Gold at this late stage of development," said Novagold CEO Greg Lang.

Barrick boss, Mark Bristow, said the results continued to highlight Donlin's world-class potential." Mining Journal.



TNR Gold Shotgun Gold Project is located 190 km south of Donlin Gold and I personally believe that we are very well positioned now with our development strategy. This approach becomes particularly interesting after recent M&A activities by Kinross Gold



"Today we have Peak Gold Supply in the spotlight again. Majors have to buy new Gold projects in order to replenish their resources in the pipeline for development. Kinross Gold is acquiring 70% of the Peak Gold project and putting all our Shotgun Gold development Story into the new light of potential developments now:

"CALGARY - Kinross Gold Corp. is moving to secure additional supply for its Alaska gold operations by buying a controlling interest in the Peak Gold project from Royal Gold, Inc., and Contango Ore, Inc., for $125 million.

Toronto-based Kinross has agreed to pay Royal Gold about $66 million for its entire 40 per cent stake and $59.6 million for half of Contango's 60 per cent share, leaving Contango with a minority 30 per cent holding.

The miner says it plans to process ore from the open-pit Peak Gold mine at its existing Fort Knox mine, 400 kilometres to the northwest, to reduce costs and extend the life of the existing mill and infrastructure." BNN Bloomberg.


Shotgun Gold Project is located 190 km south from Donlin Gold, where our shareholder NovaGold is developing this giant project together with Barrick Gold."

 


Higher Gold prices are pushing all industry insiders to adjust their strategy, the whole mining districts can be built around the central for particular Mining Camp facilities like Kinross is doing now. M&A and consolidation of the resources around such existing and developing infrastructure have already started.



Donlin Gold Project is moving forward now and we are witnessing the building of the new major Mining Camp on the US Soil. Projects like Shotgun Gold can provide upside potential of the Gold "Blue Sky Discovery" in the making, but with the solid foundation based on its shareholders and developing infrastructure at the Donlin Gold Mining Camp. Below you can find more information about TNR Gold, Shotgun Gold Project and Donlin Gold Mining Camp in the making.  




Gold In The USA, The Alaskan Elephant Country: TNR Gold Shotgun Gold Project Presentation.



"The upside is clear. Indeed, Novagold sees it well enough, since it retains a significant stake in TNR, and former Novagold director Greg Johnson now sits on the TNR board. How long it will take the rest of the market to wake up remains to be seen.

 

Chart by NorthStar
 

Nonetheless Klip is confident that this is a company that’s going places.
“We are not dreamers,” he says. “We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.” 

Alastair Ford: "TNR Gold Has Huge Potential Upside At The Shotgun Gold Project, Plus Significant Potential Cashflow From Two Sizeable Royalties."

 





Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.




Mining Journal:

Donlin Set To Grow Resource

Henry Lazenby

Development partners Barrick Gold and Novagold say they have completed the most extensive drilling programme at the Donlin gold project in Alaska in the past 12 years, with a resource update to come.

"Donlin's 39Moz (average 2.24g/t) measured and indicated resource makes it one of the biggest undeveloped gold deposits in the world.

Exploration has focused on about 3km of an 8km-long known system.

The 23,400m, 85-hole 2020 Donlin drilling campaign targetted the ACMA and Lewis deposits.

The partners have received assays for the first 25 holes, or about 30% of the length drilled, with results for nine holes already released. Better intercepts from the latest holes are 4.17m grading 80.6 grams gold per tonne from 123.5m depth, including 3.15m of 106.2g/t; 6.93m at 43.1g/t from 178.6m, including 3.25m of 90.5g/t; 19.77m at 11.3g/t from 48.86m, including 7m at 25.2g/t; and 33.88m at 6.5g/t, including 7.94m at 11.3g/t.

The results will feed into a resource update for the project and will be followed up next year with more drilling.

According to operator Novagold, results continued to indicated better-than-modelled grade thickness, with higher grades observed over narrower intervals, particularly in sedimentary rocks.

"With the industry burning through reserves, and grades continuing to decline, great drill results with even higher-than-modelled grades are exciting for any mining company - and we believe that to be particularly true for Donlin Gold at this late stage of development," said Novagold CEO Greg Lang.

Barrick boss, Mark Bristow, said the results continued to highlight Donlin's world-class potential.

Earlier this year shortseller, J Capital Research, alleged Donlin was technically so challenging it constituted a "pipe dream" and "would never be built", and that Barrick and Novagold were gaslighting investors

Novagold filed a lawsuit against JCAP in July saying it suffered damages from the manipulative "short and distort" report.

Novagold shares (TSX: NG) are up 59% over the past 12 months at C$14.11. Barrick's (NYSE American: GOLD) are up 55% at US$26.63."




Friday, 23 October 2020

Powered By Tesla Energy rEVolution: TNR Gold Los Azules Copper NSR Royalty Holding With McEwen Mining Presentation.


"TNR Gold receives a very good valuation benchmark for our Royalty Holding on the entire giant Los Azules Copper Project which is being developed by the legendary Rob McEwen. All our long-term followers remember that McEwen Mining was stating in their news releases that "Taca Taca serves as a good proxy for the value of Los Azules".

McEwen Mining Chairman, Chief Owner and CEO Rob McEwen said: "With First Quantum acquiring Lumina Copper and their Taca Taca project, Los Azules moves to the forefront in terms of world-class, undeveloped, high-grade copper assets not owned by a major mining company. As we have said in the past, Taca Taca serves as a good proxy for the value of Los Azules and we believe this transaction demonstrates value in projects located in Argentina." 

Now deal by Nova Royalty provides all our devoted followers with more information to crunch the numbers and arrive at their own conclusions about the potential valuations for TNR Gold. Below you can find more information for your own research.



Nova Royalty pays for 0.24% of NSR Royalty on Taca Taca USD$12.75 million, TNR Gold holds 0.36% NSR Royalty on the entire giant Los Azules Copper project.

"Nova Royalty Corp. said on Thursday that it has struck royalty purchase agreements with private parties to acquire an existing 0.24% net smelter return (NSR) royalty on First Quantum Minerals Ltd’s Taca Taca copper-gold-molybdenum project, in Argentina for around US$12.75 million in a cash-and-stock deal."





Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.





TNR Gold Los Azules Copper Royalty Holding Receives A Valuation Benchmark After Royalty Deal. Rob McEwen: "Taca Taca Serves As A Good Proxy For The Value Of Los Azules."



TNR Gold receives a very good valuation benchmark for our Royalty Holding on the entire giant Los Azules Copper Project which is being developed by the legendary Rob McEwen. All our long-term followers remember that McEwen Mining was stating in their news releases that "Taca Taca serves as a good proxy for the value of Los Azules".

McEwen Mining Chairman, Chief Owner and CEO Rob McEwen said: "With First Quantum acquiring Lumina Copper and their Taca Taca project, Los Azules moves to the forefront in terms of world-class, undeveloped, high-grade copper assets not owned by a major mining company. As we have said in the past, Taca Taca serves as a good proxy for the value of Los Azules and we believe this transaction demonstrates value in projects located in Argentina." 

Now deal by Nova Royalty provides all our devoted followers with more information to crunch the numbers and arrive at their own conclusions about the potential valuations for TNR Gold. Below you can find more information for your own research.


McEwen Mining

Nova Royalty pays for 0.24% of NSR Royalty on Taca Taca USD$12.75 million, TNR Gold holds 0.36% NSR Royalty on the entire giant Los Azules Copper project.

"Nova Royalty Corp. said on Thursday that it has struck royalty purchase agreements with private parties to acquire an existing 0.24% net smelter return (NSR) royalty on First Quantum Minerals Ltd’s Taca Taca copper-gold-molybdenum project, in Argentina for around US$12.75 million in a cash-and-stock deal."

 


It is important to note for all calculations of the potential valuations that TNR Gold Los Azules NSR Royalty does not have any buy back provisions which applies to Taca Taca Royalty valuation:

"The royalty is subject to a buyback right based on the proven reserves at Taca Taca in a feasibility study completed by a recognized, international consulting firm that is contracted by mutual consent, including the royalty holders. Nova said the buyback amount will be equivalent to the amount of the proven reserves multiplied by the prevailing market prices of all applicable commodities within Taca Taca."

 





"TNR also holds a 0.36% NSR on the Los Azules Copper Project, located in San Juan Province of Argentina. The Los Azules Project is owned 100% by McEwen Mining Inc (NYSE:MUX) and is expected to be the 26th largest copper mine in the world once it reaches production. 
A PEA at the project completed in September 2017, demonstrated a post-tax NPV8 of US$2.2bn with a post-tax IRR of 20.1%. Based on the PEA figures the mine is expected to generate average revenue per annum of U$953mln, which could generate around US$3.5mln a year to TNR over 37 years."

 




Wednesday, 21 October 2020

Gold In The USA, The Alaskan Elephant Country: TNR Gold Shotgun Gold Project Presentation.


"The upside is clear. Indeed, Novagold sees it well enough, since it retains a significant stake in TNR, and former Novagold director Greg Johnson now sits on the TNR board. How long it will take the rest of the market to wake up remains to be seen.

 

Chart by NorthStar
 

Nonetheless Klip is confident that this is a company that’s going places.
“We are not dreamers,” he says. “We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.” 

Alastair Ford: "TNR Gold Has Huge Potential Upside At The Shotgun Gold Project, Plus Significant Potential Cashflow From Two Sizeable Royalties."

 





Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.





TNR Shotgun Gold Project In "The Alaskan Elephant Country" - Gregory Lang: "NOVAGOLD Reports "A Banner Quarter for Donlin Gold"



NovaGold CEO Gregory Lang provides us with an update from "The Alaskan Elephant Country" on the recent developments at Donlin Gold. Today you can read in-depth about the largest drilling program to date at this giant Gold project on the US soil and the update on the ongoing permitting progress. TNR Gold shareholder NovaGold and Barrick Gold are moving Donlin Gold Mining Camp development forward and you can find below for your own research more information about our Shotgun Gold Project and the strategy for its development. 



CEO Mark Bristow has confirmed that Donlin Gold is the key asset for Barrick Gold and that they like what they see in the largest drilling program to date on the property. The decision about $22 billion new railway connecting Alaska and Alberta will bring new infrastructure development to Alaska adding another piece of the puzzle to the making of the Major Gold Mining Camps on the US soil. 



Now you can make your own research on TNR Gold and our Shotgun Gold Project and find out why I am acquiring shares in our Company at every opportunity I have and why NovaGold is holding a stake in TNR Gold. Links on the article will allow you to go as deep as you like for your own research. Buckle up and stay safe during your journey! Join and follow TNR Gold



"And, given the attractiveness of the third string to TNR’s bow – the Shotgun Gold project in Alaska, the company is still very definitely an exploration company.
Indeed, according to Kirill Klip, the company’s chief executive, the main focus of effort over the coming months is likely to be on moving Shotgun forward to the point where a major company moves in and begins to help with development work there.
So, is this the same model that proved so successful with Los Azules and Mariana?
Not quite. This time round, with two potentially cash generative royalties in its back pocket, TNR is in a slightly stronger position. Klip’s aspiration this time round is for TNR to retain a much larger stake. The near-term goals are simple enough.
“We need to bring US$10mln in to drill the project very strongly,” says Klip.

 


“The first US$5mln to take the project from the current 700,000 ounce resource up to the two million ounce mark, the rest to drill out five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”
At Shotgun the thinking is that there may be upwards of five million ounces of gold in the ground, and there is precedent. At this stage the geology shows remarkable similarity to the 39mln ounce Donlin gold project in southern Alaska, which is owned jointly by Novagold Resources Inc (TSE:NG) and Barrick Gold (NYSE:GOLD).
“We are talking about a high tonnage bulk system,” says Klip. “There are no nuggets, it’s very uniform.”

 


 

Among the notable intercepts the company has 242 metres grading 1.25 grams gold per tonne, 209 metres at 1.02 grams, and just under 47 metres at 1.14 grams.
What’s more, the gold that’s been identified thus far sits at the top of a ridge, meaning that the stripping ratio for any mine will be low, which in turn will keep costs down. 

 


The upside is clear. Indeed, Novagold sees it well enough, since it retains a significant stake in TNR, and former Novagold director Greg Johnson now sits on the TNR board. How long it will take the rest of the market to wake up remains to be seen.
Nonetheless Klip is confident that this is a company that’s going places.
“We are not dreamers,” he says. “We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.”

 




Gold In The USA, Alaskan Elephant Country: TNR Shotgun Gold Project In The Donlin Gold Mining Camp.