Thursday, 13 May 2021

Building The Next Real Gold: TNR Gold Stay Committed To Gold While Holding Royalties In Copper, Silver And Lithium, Ready For The "Green rEVolution".


Everybody's chasing Crypto, we stick to Gold. And we accept dollars as well. They are fine - we are working to turn them into Gold for our investors. We are building TNR Gold Corp. - The Next Real Gold."
Kirill Klip, Executive Chairman,
TNR Gold Corp.





Please read my 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.




Angela Harmantas: TNR Gold Is Building A New Kind Of Royalty Company.




"We are building The Green Energy Metals Royalty and Gold Company to participate in two major megatrends: Energy rEVolution - The Switch to EVs and Renewables; and Gold - as the ultimate hedge during the MMT Age.  

Kirill Klip, Executive Chairman, 
TNR Gold Corp.

 


"My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin."  

Kirill Klip, Executive Chairman, 
TNR Gold Corp.

 






Please read my 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.




Powered By Gold And Tesla Energy rEVolution: TNR Gold Investor Presentation - Building The Green Energy Metals Royalty And Gold Company.



I’m a strong believer in personal interest,” stated Mr. Klip. “It’s very encouraging when it’s aligned with that of the shareholders. To that end, I’m pleased that other insiders of the Company have joined me in our recent private placements. While I am the largest individual shareholder of TNR Gold, it’s crucial for me that all of us at the TNR Gold Team are personally motivated to succeed. It’s because of this that shareholders can trust us to advance the Company forward with great passion. Our recent private placement was oversubscribed and we are well-positioned now to develop further our portfolio of strategic assets in gold and Energy rEVolution metals..."





Please read my 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.






Proactive:




"The company's forward-thinking approach allows it to integrate its strategic portfolio with the international capital markets


Holds net smelter return royalties on projects containing copper, gold, silver and lithium metals

Diverse project portfolio both commodity-wise and geographically

Committed to continuing to generate in-demand projects, while diversifying its markets and building shareholder value

Recent private placements have featured strong insider participation




What TNR Gold does:

TNR Gold Corp (CVE:TNR) (OTCMKTS:TRRXF) is building a new kind of royalty company to give investors exposure to both precious and green energy metals. 

Unlike typical royalty companies, TNR Gold holds net smelter return (NSR) royalties on projects containing copper, gold, silver and lithium metals. TNR’s project portfolio is diverse both commodity-wise and geographically.

In 2009, TNR Gold and CEO Kirill Klip founded International Lithium Corp (ILC), a green energy metals company that went public through the spin-out of TNR’s energy metals portfolio in 2011. China’s Ganfeng Lithium joined TNR and participated in that transaction and now TNR retains a 1.8% NSR royalty on the Mariana lithium project in Argentina, a joint venture between ILC and Ganfeng Lithium.

ILC has a right to repurchase 1% of the NSR Royalty on the project, of which 0.9% relates to the company’s NSR royalty interest. TNR would receive $900,000 on the completion of the repurchase.

Also in Argentina, the Los Azules copper-gold project is one of the world’s largest undeveloped copper deposits. Operated by McEwen Mining Inc, TNR holds a 0.36% NSR royalty on the entire project.

The Shotgun Gold Project in Alaska is a little different. TNR owns 90% of the project itself and is looking to partner with a major gold miner. Located around 190 kilometres south of the Donlin Gold deposit, Shotgun is a porphyry-style gold mineralized system that is being targeted for a bulk mineable gold resource.


TNR Gold has successfully consolidated and updated its mining claims in Alaska and is actively introducing the project to interested parties.

CEO Kirill Klip has said there is a “clear path” on how to move the project forward using the geological and geophysical research currently available to expand the resource and form the basis of a preliminary economic analysis.

All told, TNR is far from a typical royalty and streaming company but something far more interesting. The firm says it is “committed” to continuing to generate in-demand projects, while diversifying its markets and building shareholder value.

How is it doing:

The Vancouver-based firm started 2021 with money in the bank. A January 2021 private placement raised C$250,000 to go towards exploration at Shotgun.

Then in February 2021, TNR closed another C$571,000 financing led by insiders and oversubscribed. Later in the month, it announced another C$250,000 raise.

Notably, insiders of the company joined in on the recent private placements. Kirill Klip himself participated and is the largest individual shareholder.

The CEO said the company is now well-positioned to develop its portfolio of strategic assets in gold and energy metals.

Inflection points:

News flow from existing project portfolio

Additional royalty and streaming acquisitions

Commodity price moves

What the boss says:

“Our forward-thinking approach is allowing us to integrate our strategic portfolio with the international capital markets, while maintaining efforts to minimize dilution for all our shareholders,” TNR Gold CEO Kirill Klip wrote in a recent letter to shareholders.

“During these favourable macro-economic conditions for gold and green energy metals, we have been enjoying an entirely new level of attention and participation from certain financial institutions. This will allow us to accelerate the development of the Shotgun Gold Project as well as continue to advance our royalty portfolio within the next chapter of business: Green Energy Metals.”



Tesla's Bitcoin "Environmental Report" Is Out: "Tether's First Reserve Breakdown Shows Token 49% Backed By Unspecified Commercial Paper."


My dear friends, hedge your crypto dreams before tears. We have Tesla's Bitcoin "Environmental Report" from Tether. "Tether's First Reserve Breakdown Shows Token 49% Backed By Unspecified Commercial Paper." To be more precise: Tether is backed by Cash (2.9%), Treasury Bills (2.2%) and IOUs (94.9%). Lights out. And now we can talk about corporate governance and electricity as well...

P.S. (*There are some "Precious Metals" in 9.96% (Corporate Bonds, Funds and *PMs) but the amount is not specified and, as we all know, from Crypto High Priests: "Gold is going to zero", so I have the liberty to "upgrade" the reserve numbers without discounting PMs to zero value). 

  




The new composition report is part of Tether’s efforts to stay in compliance with a settlement with the New York Attorney General." coindesk.com






Tether, the crypto stablecoin backed one-for-one by fiat currencies, surpassed $50 billion in circulation, a sum that’s more than the insured deposits at all but 44 of the thousands of U.S. banks...





...Tether is set to release the first quarterly statement on its reserves to the New York Attorney General this month. The disclosure is part of a settlement of a long-running dispute with state regulators over whether it actually has the reserves, but it is unclear whether investors will get a glimpse at it..." Bloomberg.
 


"And Then He Said: "I've Sold My Bitcoin" - That's All. Gold.




"And then he said: "I've sold my Bitcoin". That's all. Gold.



"Hyped by the Bubble TV mass marketing machine to the herd, Bitcoin has become one of the main soft targets in the West. Attack on Bitcoin and collapse of this "Mother of All Bubbles" will lead to an enormous economic shock for the markets and can even bring such technological leaders as my beloved Tesla down. The higher Bitcoin goes now, the bigger shock will be for all parties involved after that lethal strike." 



I think that this is the best explanation of Crypto Pump and Dump global coordinated and “unregulated” Ponzi Bubble scheme made by one Insider: “Let’s be honest here. All revolution, honest money and “Fight the FED” were before 2017 Pump and Dump. It’s all about The Game now: Who will be left holding the bags this time? It’s the Game of Musical Chairs. How high can it go before we Dump it? Can we find the new looneys and hype it to them?” That’s all. Gold.



Update May 1, 2021 


Tether, the crypto stablecoin backed one-for-one by fiat currencies, surpassed $50 billion in circulation, a sum that’s more than the insured deposits at all but 44 of the thousands of U.S. banks...


...Tether is set to release the first quarterly statement on its reserves to the New York Attorney General this month. The disclosure is part of a settlement of a long-running dispute with state regulators over whether it actually has the reserves, but it is unclear whether investors will get a glimpse at it...

 

Mr. Whale @CryptoWhale 

 

The quarterly report will be released to New York in May, according to Stuart Hoegner, general counsel for the crypto exchange Bitfinex and Tether. The companies, which are based primarily in the British Virgin Islands, settled without admitting or denying any wrongdoing.

When the settlement was announced, New York Attorney General Letitia James said “Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines. Tether’s claims that its virtual currency as fully backed by U.S. dollars at all times was a lie.” Bloomberg.

 



Felix Zulauf: The Big Picture Cycles For Gold, Bitcoin And Commodities - Risk Management And Taiwan.



Today I would like to share with you a very deep conversation with Felix Zulauf during his interview with Real Vision Finance. He is painting brilliantly the very dramatic big picture view on the main driving forces in our modern societies across the globe. This is one of the best macro presentations on the market forces and economic cycles which are moving the markets now. 



Is Bitcoin already "Too Big To Fail"? Felix's belief over the years has been that Bitcoin will be banned by the governments, but now "maybe they have missed already that point" when it could be done "without a huge havoc". "Bitcoin will go to zero overnight in that case" and it will bring a shock to the financial system.


"As we have discussed with you, the major catalyst is coming for the Gold market. There is no Gold 2.0 and the realisation of this simple fact may bring the fireworks to the Gold market before Independence Day this year. Bitcoin is moving very fast from the "Deepfake Video Game" and "Mother of All Bubbles" status to the National Security Risk Threat. We have more and more clear warnings from all levels of the officials in the US now, so Bitcoin's future remains to be seen."



"Now Federal Reserve Chair, Secretary of Treasury, New York State Attorney General and CIA via Peter Thiel from Palantir - all are sending clear warnings about Bitcoin. Only Whales who need to sell their "Crypto Store of Wealth" in order to realise paper profits are preaching HODL to the heard. Be warned, Do Your Own Research and stay safe."

 


Judging by Barron's covers,  extreme caution is warranted if you are playing this "Chinese Roulette". Do not dive into the empty Crypto pool, hedge accordingly with a position in Gold. Do not forget to take your profits before "Crypto Whales" will pull the plug again as they did in 2017. 

 


At the top of the "Tulip Bubble Mania", you could buy a house in Amsterdam with one tulip bulb. Bitcoin became "Find The Greater Fool" at this stage. Can you find enough fools to sell them Bitcoin all the way up to 1,000,000? This remains to be seen. We are witnessing "The Madness of Crowds" in the MMT digital age of Deepfake Video Games - a socially engineered online experiment in behavioural finance. It is Artificial but does not count on Intelligence. Just never forget that tulips now are going a "dozen for $1.90". 




In that context, Felix's analysis that China can decide to become more assertive in its ambitions towards Taiwan during the next 4 years should be taken very seriously. Risk management during this stage of MMT experiments becomes the priority. I do hope personally that we all can avoid the hot war and mutual extermination, but we can be sure that the ongoing "Hybrid Cold War" and "Asymmetric Warfare" will be escalated to new levels. 


Hyped by the Bubble TV mass marketing machine to the herd, Bitcoin has become one of the main soft targets in the West. Attack on Bitcoin and collapse of this "Mother of All Bubbles" will lead to an enormous economic shock for the markets and can even bring such technological leaders as my beloved Tesla down. The higher Bitcoin goes now, the bigger shock will be for all parties involved after that lethal strike. 


"Bitcoin has become one of the main soft targets in the West and deserves national attention as a matter of state military risk management. Bitcoin's crash will not only bring a brutal awakening to "the brave fighters of the FED", but can bring very important companies like my beloved Tesla down spreading the shock waves across a very fragile overleveraged economy. The higher Bitcoin goes now, the more "great people" are getting sucked into and being sacrificed for this "Mother of All Bubbles" - the bigger shock will be for all parties involved after that lethal strike."   



FED and US Treasury are not buying Bitcoin. Central Banks are holding Gold and they are buying more of it like Hungary did recently. Felix is buying Gold miners during the sell-offs and considers them "as options on the Gold price". At the FOMO stage of this Gold Bull, investors will be calculating the amount of the Gold in the ground controlled by these companies. 



Now you can better understand how we are building TNR Gold in order to participate in the ongoing megatrends during these different market cycles. Gold becomes the ultimate hedge not only for portfolios constructed with stocks and bonds but for portfolios with Crypto-assets as well. 



Copper and Lithium are supercharged by the Energy rEVolution and industry leaders like McEwen Mining and Ganfeng Lithium are the ones who know how to build and maximise the value of these giant projects. GEM Royalty TNR Gold is plugged into Energy rEVolution with our NSR Royalty Holdings on Los Azules Copper and Mariana Lithium projects. I am participating in TNR Gold financing again and below you can find more information about our assets. Do Your Own Research and stay safe.       





Federal Reserve Chair, Secretary of Treasury, New York State Attorney General And CIA Via Peter Thiel From Palantir - All Are Sending Clear Warnings About Bitcoin.






Monday, 10 May 2021

Gold In The USA, Alaskan Elephant Country: Kirill Klip GEM Royalty TNR Gold Presentation.



"My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin."  

Kirill Klip, Executive Chairman, 
TNR Gold Corp.

 





Please read my 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.

 




Alastair Ford: "TNR Gold’s Shotgun Project In Alaska Has All The Trappings And Trimmings It Takes To Attract In A Major."



"My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin."  

Kirill Klip, Executive Chairman, 
TNR Gold Corp.






Please read my 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.




Proactive:

TNR Gold’s Shotgun Project In Alaska Has All The Trappings And Trimmings It Takes To Attract In A Major

Alastair Ford



"TNR Gold’s track record of successful deals with majors like Ganfeng and McEwen Mining should stand it in good stead as manoeuvring continues on the Tintina gold belt.



“I believe the Shotgun gold project could become one of the main satellite gold projects of the Donlin gold camp,” says Kirill Klip, the chief executive and largest shareholder of TNR Gold Corp (CVE:TNR).

Shotgun is the flagship asset of TNR, and is located to the south of Donlin, just inside the boundary of the famous Tintina gold belt which arcs right across Alaska.



It’s a gold belt that has proved prolific in delivering up sizeable discoveries over the years, and now boasts a serious number of major producing mines, including at their forefront, the Pogo mine, owned by Northern Star Resources (ASX:NST) and the Fort Knox mine, owned by Kinross (TSE:K).



But Donlin takes things to another level again.

With its 39mln ounces of gold grading well over two grams per tonne, it’s one of the largest open pit deposits anywhere in the world.

Not surprising then that one of the biggest names in the industry, Barrick Gold (TSE:ABX), is playing a crucial role in bringing it on, alongside partner NovaGold (TSE:NG).

Will these two stay as partners for the duration, or will Barrick step in and buy out NovaGold?



Or, for that matter, will a third party, like Newmont, show up late at the party and try to initiate some sort of division of the spoils with Barrick along the lines of the current hard-won arrangement in Nevada?

These are matters for speculation just at the minute, but it might not be long before we see tangible corporate action.

And it’s not altogether out of the question that Shotgun will get caught up in it too.

After all, TNR has plenty of form in forming strong alliances with the world’s leading mining companies.



In an earlier phase of its existence it made two major discoveries in Argentina, the Los Azules copper project, now being brought forward by McEwen Mining (TSE:MUX), and the Mariana lithium project, now being brought forward by Ganfeng Lithium. After some adroit deal-making TNR managed to retain substantial royalties in these projects, such that when they come on stream it’s likely that Los Azules will contribute upwards of US$3.5mln per year to the TNR coffers, with Mariana providing a further US$1mln. However, the latter estimate was made by the analyst before Ganfeng  announced an increase of the lithium resource at Mariana of more than 250%.



This background of successful deal-making with majors ought to provide TNR with a real advantage when it comes to assessing options for Shotgun in the coming months.

To some degree, it’s a fairly simple exercise for investors to form an idea of what the future holds, but in the case of Shotgun Klip is keen that TNR ends up retaining a 25% interest, rather than just a royalty.

In this, he does have some room for manoeuvre, because Shotgun isn’t just another piece of prospective ground. Rather, the project already boasts an inferred resource of over 700,000 ounces of gold at Shotgun Ridge, and shows every sign of being able to deliver a markedly larger total than that, once the next major exploration programme delivers its results.



Shotgun Ridge is just one of multiple gold target areas controlled by TNR Gold. ‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct gold district with five  separate targets identified so far

When that will be though is the big question.

To take Shotgun up to the next level, Klip is clear that a major exploration spend is required – upwards of US$5mln and ideally closer to US$10mln. On one scenario he could go into the market and raise that money himself.

But here’s where his position as a major shareholder in the company becomes key.

“Even a US$5mln raise would be very dilutive to all our shareholders at this stage and will not guarantee success,” he says.

“We need to bring US$10mln in to drill the project very strongly.

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 the 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 Donlin.



An academic study conducted in 2001 by Lang & Baker specifically identifies both projects as ‘major porphyry granite related gold deposits’ related to a singular widespread magmatic gold mineralising event that constitutes this horseshoe-like region.

The implication is that both projects arose from the same geographical kitchen sink, leading to the reasonable supposition that they should possess similar favourable geological properties. 



“We are talking about a high tonnage bulk system,” says Klip. “There are no nuggets, it’s very uniform.”

Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been shown  to possess little-to-no ‘nugget effect’. A high ‘nugget effect’ means high variability between samples that are closely spaced. ‘No nugget effect’ implies a tight and uniform mineralisation of a bulk tonnage gold system. So there’s no need to dig up empty rock space as one does when chasing a vein so the stripping ratio for any mine will be low, keeping costs down.



Among the notable intercepts already banked, the company boasts 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.



“I’m in the business to get the maximum out of this new gold bull market. We’ve been waiting for it for nearly ten years after 2011. I just need to get the best deal,” says Klip

“We are not dreamers. 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.”



Not for him as a shareholder the dilutive effects of repeated equity fundings to support exploration. His favored option – of bringing a major in – would in the end, he calculates, mean that current shareholders end up retaining more of the project, and hence more of the value, in the long-term.

Will the strategy work?

Well, it already shows every sign of doing so.

“A deal could happen any day,” says Klip.

“Literally. We are seeing interest. But we are not in any hurry. The interest at the moment is from mid-sized companies. I do not like to commit to shallow money with sums that look great on paper but come from parties that lack the appropriate technical and financial depth with consistent follow-through in the years following the deal. We hold the high ground. We want to be patient and attract the best of the best, like we did with Ganfeng Lithium years ago - one of the top gold major company to make sure that we can get the absolute most of Shotgun’s resources in development.”



For now, the company is actively introducing Shotgun Gold to potential partners and is much more open to drilling the entirety of these prospects in a strong fashion so that it can expand the known area of mineralisation and conclusively assess the project’s top-end valuation. 

And it’s in this context that the royalty portfolio cleaves once more into view. These are serious assets, and they promise cashflow in the near-term. There’s significant value in the company on their strength alone. All of which means that TNR isn’t like some other juniors, desperately lurching from one equity raise to the next simply to keep going. There’s far more to it than that. In fact, there’s a carefully thought out strategy that looks likely to reap significant benefits for shareholders in the near-to-medium term."




Please read my 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.