Monday, 14 October 2019

TNR Gold Los Azules Copper NSR Royalty Holding With McEwen Mining Presentation.



"Always do your own research - I do not honestly know how to prepare to that sad end. In all other potential cases, I can only point out to my personal experience of making the best investments by buying when "blood was almost literally on the streets" like with Tenke Mining starting my acquisitions at CAD 40 cents during the civil war in DRC and following Lukas Lundin with his motto: "politics will change, resources in the best projects will stay". Later, Lukas made a lot of investors of Tenke Mining very happy during his buy out by Lundin Mining at CAD$20 dollars. I have followed him and found TNR Gold many years ago - now we have Los Azules Copper NSR Royalty among our other assets and building The Green Energy Metals Royalty and Gold Company."








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.






Red Metal Goes Green During Energy rEVolution: Growing EV Infrastructure To Drive Copper Demand For Decades Says Wood Mackenzie.




We have discussed recently the geopolitical forces which are shaping the short term outlook for copper. POTUS is facing a very delicate and fragile situation in the global economy with a very tired bull market in general equities which is weathering the twitter storms during the trade war with China against the USA. The very smart idea of resetting this very extended bull market in the 2020 election cycle by blowing off extra steam can backfire if the global economic engine continues to choke on the dry economic data showing early recession signs and inverted yield curves all over the globe.




FED is coming "very unwillingly" to the rescue, as usual, and all BIS club of Central Bankers is easing again in concert even after "the end of globalisation era". After very sobering August the floodgates are wide open increasing money supply in order to keep markets going. China is cutting reserves rates for banks in order to stimulate the economy before October celebrations and ready to fight before the deal can be reached.




As we have discussed previously, you can always find all the bad news which are being discussed by very smart people on the wires. I do not know what to do in the very sad case of total global mutual annihilation and the coming end of the world. Even our Shotgun Gold project will not bring us enough joy if hungry people will be chasing tanks on the streets. In all other cases, we can return and review our brave case for the entry point in copper investment stories. Please do not forget to do your own research and you will have to pick the winners. 




Wood Mackenzie report reminds us about the big picture for copper demand during Energy rEVolution:

“The amount goes up as the size of the vehicle increases. For example, a fully electric bus uses between 11 and 16 times more copper than an ICE passenger vehicle - depending on the size of the battery and the actual bus,” he said. ““By 2040, we predict that passenger EVs will consume more than 3.7Mt of copper every year. In comparison, passenger internal combustion engine (ICE) vehicles will need just over 1Mt. If we look at cumulative demand, between now and 2040 passenger EVs will consume 35.4Mt of copper – around 5 Mt more than is required to meet current passenger ICE demand.”

We have addressed the huge coming gap between this demand and the available supply of copper in our previous posts. Today let's have a look at some chart providing potential evidence of the "green shoots" in the global economy reflecting the unleashed global stimulus impulse. 






A lot of people are talking that copper on the chart above signals that the worst is yet to come to the global economy and gold must go down in order to bring this Copper/Gold ratio in line with historical averages. My brave scientific thesis is that we are in the reset stage for the global financial system and gold will consolidate closer to $1,500 level than $500 now before reaching the new all-time high in US Dollar. 




In this version of our distorted by Energy rEVolution universe copper will have to catch up with gold snapping back like a coiled spring. Flood of liquidity and search for the real economic growth in the age of negative rates will drive Energy rEVolution and copper demand for years to come. Nobody will be building new giant copper mines which are needed to address the "severe deficit" as Goldman Sachs puts it, with copper prices below $3/lb.




This brilliant chart from Macro Charts is showing some positive movement in Copper/Gold ratio which is turning up. Further improvement in the copper price above $2.6/lb must confirm it as gold was recently in the correction mode sliding from $1,557 to just below $1,490.









The following few charts are showing that we have some "green shoots" to report about already which are pushing up through the trade war headlines. China credit impulse is leading by 12 months normally the global manufacturing PMIs. Cutting the reserves rates for banks in China will work through the system and relaxed investment rules for foreigners can bring some liquidity searching for positive returns as well.




Frank Holmes is pointing out that after his previous warning about the sluggish global PMIs readings China PMIs beat expectations in August. This data must be confirmed with further normalisation in September. I will leave the rhetorical question of whether any data from China can be trusted at this stage. We can all talk ourselves in the global recession as well.





The chart above is representing Global Monetary Policy Stimulus which is leading Global Manufacturing PMIs by 8 months normally.





The chart showing 40% of the probability of a recession in the US is keeping FED awake at night reading POTUS tweets which are demanding to pump money into the system. It should remind you also that every investment thesis must be proven right before you can make any money but on another side, you can hardly cross any river without entering the water. 





The charts from brilliant Northstar and Nicholas Winton are showing that we can be now at that magical entry point into the best copper stories you can find in case if the annihilation of the global economy will be postponed again.





Energy rEVolution And The Big Picture For Copper During A Mexican Standoff In The Trade War Against The USA: Barron's - Copper Prices May Take Off As Supply Tightens.




"Always do your own research - I do not honestly know how to prepare to that sad end. In all other potential cases, I can only point out to my personal experience of making the best investments by buying when "blood was almost literally on the streets" like with Tenke Mining starting my acquisitions at CAD 40 cents during the civil war in DRC and following Lukas Lundin with his motto: "politics will change, resources in the best projects will stay". Later, Lukas made a lot of investors of Tenke Mining very happy during his buy out by Lundin Mining at CAD$20 dollars. I have followed him and found TNR Gold many years ago - now we have Los Azules Copper NSR Royalty among our other assets and building The Green Energy Metals Royalty and Gold Company."





Tesla Energy rEVolution And The Golden Age For Copper: Kirill Klip GEM Royalty TNR Gold Copper Presentation May 2019.







LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.



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



"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR Gold ("TNR") is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time."







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.





"Gold Exploration Vital For Future Supply": Gold In The USA - Alaskan Elephant Country.





Wood Mackenzie brings attention to the unfolding "Gold Reserves Crisis" as McKinsey calls it. The growing demand for gold from Central Banks, institutional investors and retail is facing the peak gold production and collapsing gold reserves of the major mining companies. Everything is being set for "The Perfect Storm" in the gold market:

"Exploration budgets were slashed following the fall in the gold price from the highs that were reached in 2011/2012 and they have since failed to recover. The slight rebound in exploration spend we have seen over the past couple of years has largely been focused on brownfield projects and near-mine development. This has not been sufficient to replenish mined ounces and as such peak gold supply is now a very real possibility. Wood Mackenzie."



M&A activity will only redistribute the well known and already developed reserves. The industry needs new major discoveries which are very few and far between. Years of the Gold Bear market have not only burnt alive the whole generation of investors but made mining companies extremely cautious with any exploration and investment activities. All exploration budgets were cut to the bone. The industry suffered not only dramatically reduced exploration budgets, but the return on the money invested in exploration produced very few major discoveries.




After the recent wave of M&A activities among the major gold miners, mining companies are increasingly entering into the JVs with junior miners in order to develop the new resource base:

"To secure their longevity as pillars of the gold industry, we have seen heightened M&A activity and miners focusing on their core assets. Whilst this may help to bolster balance sheets through improved operational performance and realised “synergies”, it seemingly does little to address the problem the industry is facing with regards to how to sustain current production levels. We have, as of late, noticed an uptick in some majors opting to increase their footholds in a select few juniors with promising exploration opportunities.
Agnico Eagle, AngloGold Ashanti, Kinross and Newcrest are actively investing in, or entering into joint-ventures with junior gold companies to create long-term value. Wood Mackenzie"



News about Electrum Group partnering in the new venture with gold mining legends Rob McEwen and Eric Sprott for exploration in Alaska will ignite the new wave of interest to the juniors operating in Alaska. Alaska jumped to the 5th place among safe mining jurisdictions and giant 39 Moz Donlin Gold project is getting more and more attention. Electrum Group is the major shareholder of Nova Gold which is developing Donlin Gold in JV with Barrick Gold.




With gold prices reaching new highs this year some mining analysts are starting to apply the old metrics to value "gold in the ground" when comparing juniors and their projects. Nova Gold was trading as high as $2.4B reflecting its 50% stake in Donlin Gold. It gives more than $120 valuation per oz in the ground. All projects are different, but previous Gold Bull market valuations started at $20 per oz of the inferred resources - the very initial level of resources. New mining deals will give us a better sense of the valuations. Eric Sprott and Rob McEwen will make sure that Alaska is shining bright on the radars of investors now. Increased gold prices are making the great state of Alaska as one of the most attractive in the industry: "leverage in the place where you can keep the rewards". And their own gold price projections can bring real fireworks to the exploration opportunities. As always do your own research and you will have to pick up the winners.





TNR Gold is developing the Shotgun Gold project in the Alaskan elephant country near Donlin Gold mining district. On the links below you can find more information. Barrick Gold received crucial permits to advance Donlin Gold and this new developing mining district in the US can make the promise of "Gold In the USA" providing stable supply feasible again and it can become that solution to "The Gold Mining Reserve Crisis" McKinsey is talking about:
"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR Gold ("TNR") is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time."





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



TNR Gold Corp. is working to become the green energy metals royalty and gold company.
Over the past twenty-three years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company’s expertise, resources and industry network, it identified the potential of the Los Azules copper project in Argentina and now holds a 0.36% NSR Royalty on the entire project, which is being developed by McEwen Mining Inc.
In 2009, TNR Gold founded International Lithium Corp. (“ILC”), a green energy metals company that was made public company through the spin-out of TNR’s energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.
TNR retains a 1.8% NSR Royalty on the Mariana Lithium property in Argentina. ILC has a right to repurchase 1.0% of the NSR Royalty on the Mariana Lithium property of which 0.9% relates to the Company’s NSR interest. The Company would receive $900,000 on the execution of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.
TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.
The Company’s strategy with Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies.  The Company is actively introducing the project to interested parties.
At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska (the Shotgun gold porphyry project) and Argentina, and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.







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.






GEM Royalty TNR Gold And Energy rEVolution: "Generalist Investors Are Looking To Get Into Mining Again".


Chart by Holger Zschaepitz @Schuidensuehner.


The market is acting bipolar these days and smashing into the Bolinger bands close to all-time highs when FED and other Central Banks are easing and acting like we are already in GFC 2.0 after the crash. QE is on, whatever you call it: floodgates are wide open and Repo scare reversed any attempts to reduce the money supply and "normalise rates" - liquidity is being pumped even before the crash this time.


Chart by Holger Zschaepitz @Schuidensuehner.


And let's be brutally honest, how do we really know that AI is not running all this mad circus with clones and deep fakes already? Who is really tweeting and feeding all those algos? Passive investments ETF bomb has already surpassed active investment management, just wait for all that silicon AI herd try to get out in the market from the same things at the same time. I must confess that I know nothing about AR and what to do in the case of nuclear winter, in all other cases everything will boil down to the basics: hungry people, tanks and ATMs.




Nobody really wants a civil war, hungry people and tanks on the streets. Hong Kong which used to be filled with beautiful young energy of change and opportunities is the best example of how things can escalate and deteriorate very quickly.  Angels of Notre Dame in Paris seems to have fled that beautiful city as well.




My very brave scientific thesis is still the same: the amount of accumulated debt in the global financial system is unsustainable, it will never be repaid and "rolled over debt is not a loss." Now we have more confirmations that all BIS Club of Central Bankers is acting in unison to bring their dark magic and squeeze as much life energy from the future into the troubling reality as they can.

People must be fed in general, tanks must be ready, but not on the streets and ATMs must be giving freshly minted... sorry printed cash out in order to keep social media concerned citizens continue to contribute to the society and pay interest on their debts. The huge build-up in debt and the disbalances accumulated during the era of a global village is preventing the normal economic cycle of wash, rinse, repeat from functioning as before.




Recessions are not allowed anymore. Trade Wars are only complicating this situation. All governments are trying to prolong the borrowed prosperity and debasing their currency. When everybody is racing to the ground with FIAT money they are debasing against the real money - which is Gold. We have the recalibration of the global financial system in place and gold price which is consolidating now at $1,500 and not at $500 is signifying this very important outcome. Another important note is that during recent market selloff gold was finally acting like The Ultimate Hedge and safe heaven and bitcoin failed to provide these qualities.




Negative rates are tearing apart the fabric of the financial universe - time doesn't matter anymore. There is no value of time when it comes to fake FIAT money today. You are being charged in Europe to hold your money in the bank already. Governments and even corporations are borrowing money promising to repay less. Gold which has been mocked for years that it does not produce any yield is shining very bright climbing on the pile of negative-yielding debt now. Another important fact to note here is that this young Gold Bull is very strong and was swimming against the tide of rising US Dollar.



As we have discussed, the strong US Dollar is signifying the global margin call, the economy is chocking up on the strength of USD. POTUS needs the dollar to go down and fast. He is getting his rate cuts already and expansion of money supply is back. This global pump of liquidity is finding its way now into the Gold market first and must spill into the commodity markets next. Next week negotiations witch China will be very important. Even if The Deal will not be made the simple absence of trade war escalation can bring the fireworks to Copper and other metals.




This is where our brave scientific thesis is presented again: I believe that this recalibration of the financial system and global liquidity pump into the election cycle will keep Gold closer to $1,500 than to $500 and all other metals like Copper will have to catch up.




Here lower prices are the best cure from low prices: nobody will be building giant copper mines with prices below $3/lb to address the coming "severe deficit" as Goldman Sachs calls it. We have the Perfect Storm coming in Gold and Copper: dramatically increasing demand and restricted supply.




I will not waste a lot of our time daydreaming that there is actually a way to avoid the escalations of trade, cold and currency wars towards the old fashioned hot war. And that socialism and redistribution of everything is not the solution and never work as well. Electrification of our energy and transportation systems, dramatically reduced military spending and getting off the oil needle can start the electric motors of economic growth again, but it requires very wise leaders.




Even without this life-changing mental breakthrough on part of our fearless leaders, we have the Energy rEVolution ongoing and now you can read about electric cars in daily headlines. Consumers are voting with their wallets and refusing to buy "Clean DIEsel" anymore. As you already know, this rEVolution will require a lot of Copperand Lithium.




TNR Gold is plugged into this Energy rEVolution and we are building The Green Energy Metals Royalty and Gold Company. Our Shotgun Gold project is enjoying more industry spotlight these days. Mining legends like Rob McEwen and Eric Sprott are partnering with Electrum Group in the new mining venture in the quest for the next Donlin Gold in Alaska. Rob McEwen is delivering solid results while advancing giant Los Azules Copper and Ganfeng Lithium is talking about Feasibility Study being produced on Mariana Lithium this year.




Unloved junior mining companies can provide the most upside in case if our general theory about monetary recalibration discussed above is correct and will be further confirmed by money flows into the sector. Article from Jim Wyckoff for Kitco is presenting the observation of this very important for our business trend: "generalist investors are looking to get into mining again".


Chart by Nicholas Winton @HedgehogTrader.

Smart money like Eric Sprott is buying into the best mining opportunities already and those investors who can make their homework right can enjoy the spectacular results during this cycle. Always do your own research and you will have to pick up the winners. Below you can find more information about the positioning of GEM Royalty TNR Gold with our assets in Gold, Copper and Lithium for the coming liquidity tide during the increased allocations to the real assets in investors portfolios.





"Gold Exploration Vital For Future Supply": Gold In The USA - Alaskan Elephant Country.




News about Electrum Group partnering in the new venture with gold mining legends Rob McEwen and Eric Sprott for exploration in Alaska will ignite the new wave of interest to the juniors operating in Alaska. Alaska jumped to the 5th place among safe mining jurisdictions and giant 39 Moz Donlin Gold project is getting more and more attention. Electrum Group is the major shareholder of Nova Gold which is developing Donlin Gold in JV with Barrick Gold.




With gold prices reaching new highs this year some mining analysts are starting to apply the old metrics to value "gold in the ground" when comparing juniors and their projects. Nova Gold was trading as high as $2.4B reflecting its 50% stake in Donlin Gold. It gives more than $120 valuation per oz in the ground. All projects are different, but previous Gold Bull market valuations started at $20 per oz of the inferred resources - the very initial level of resources. New mining deals will give us a better sense of the valuations. Eric Sprott and Rob McEwen will make sure that Alaska is shining bright on the radars of investors now. Increased gold prices are making the great state of Alaska as one of the most attractive in the industry: "leverage in the place where you can keep the rewards". And their own gold price projections can bring real fireworks to the exploration opportunities. As always do your own research and you will have to pick up the winners.





TNR Gold is developing the Shotgun Gold project in the Alaskan elephant country near Donlin Gold mining district. On the links below you can find more information. Barrick Gold received crucial permits to advance Donlin Gold and this new developing mining district in the US can make the promise of "Gold In the USA" providing stable supply feasible again and it can become that solution to "The Gold Mining Reserve Crisis" McKinsey is talking about:
"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR Gold ("TNR") is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our




Red Metal Goes Green During Energy rEVolution: Growing EV Infrastructure To Drive Copper Demand For Decades Says Wood Mackenzie.




Oil Is Still Big, Actually, It's Very Big. But Thanks To rEVolution Energy Security Is Not Only About Oil Anymore.