LEGAL DISCLAIMER
Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.
I will start with three very important numbers:
Copper demand for Electric Cars should accelerate 9 fold from 185,000 metric tons today to an estimated 1.74 million tonnes in 2027.
$127 million dollars is the undiscounted cash flow of Royalty, which can be paid potentially to TNR Gold over 36 years of Life of Mine at Los Azules Copper project in Argentina which is operated by the legendary Rob McEwen.
TNR Gold is plugged-In into Energy rEVolution. Everything started with my investment in Royal Gold - gold Royalty company, I was buying it at $5 when gold was at 300 and was very happy selling it a few years later above $70. I would like to do the same in the energy space now with Green Energy Metals: Lithium and Copper.
This is called Energy rEVolution. The World Just Before the Internet. Electric cars are coming much faster than a lot of people are anticipating. Here I would like to refer our audience to check our interview about International Lithium – TNR Gold has the Strategic Stake in this company and Royalty on Mariana Lithium project in Argentina.
The largest integrated lithium materials producer Ganfeng Lithium from China is developing this project in JV with International Lithium. Now Ganfeng Lithium jumped in The New Lithium Top 5 companies in the world. UBS is talking to its wealthy clients that Lithium demand will jump more than 2,868% in 100% EV World.
Copper is the red metal which is going green in Energy rEVolution. There is 55 lb. of Cu in ICE Car and 165 lb. in Electric Car. This is an increase by 300%, multiply it by millions of electric cars to be made and you have the perfect storm for Copper. A single electric car can have up to 6 km of copper wiring. Copper is not only needed for EVs, but it is vital for all infrastructure and Energy Storage will demand more lithium and copper than even electric cars.
This could have a huge effect on copper prices over the next 10 years and more. With fewer and fewer large deposits being discovered, demand should accelerate 9 fold from 185,000 metric tons today for Electric Cars to an estimated 1.74 million tonnes in 2027, according to the International Copper Association. Global Market for copper is around 23.9 M tonnes.
TNR Gold is plugged into these megatrends with its Royalty and JV Projects Generation Model.
In general, our approach is to work with strategic partners who are leaders in the industry and who are Operators on our projects and we are holding Royalty or Strategic Stake in JV Operations. We are reducing our operational and technical risk while providing exposure to the particular commodity.
Los Azules
Los Azules is one of the largest copper porphyry systems in the world. Just a few weeks ago Argentina and Chile have signed a protocol aimed at the Argentina and Chile have signed a protocol aimed at the development of Los Azules.
"The support and cooperation being exhibited by Chile and Argentina for potential mine development at Los Azules comes as very good news to us and signifies another important step in the development of one of the largest copper porphyry projects in the world," commented Kirill Klip, Executive Chairman of TNR.
In September McEwen Mining has delivered new PEA for Los Azules. Numbers are getting bigger and bigger.
New Resources in all categories reported by McEwen Mining:
1. Copper is up from 19B lb to 29.5B lb - plus 55%
2. Gold is up from 3.42B Moz to 5.5B Moz - plus 61%
3. Silver is up from 108.7 Moz to 191.1 Moz - plus 76%
The quality of resource has improved as well, according to McEwen Mining:
Copper before was 28% Indicated to Inferred
Copper now is 53% Indicated to Inferred.
$2.2 Billion After-Tax NPV@8% and IRR of 20.1%
3.6 Year Payback at $3.00/lb. Copper and 36 Year Mine Life
415 Million lbs. Average Annual Copper Production For The First 10 Years
$1.11/lb. Copper Average Cash Production Cost (C1) For First 10 Years
The most important for TNR Gold investors is the reported in McEwen Mining PEA Undiscounted Net Smelter Return over 36 years of LOM at USD$35.2 Billion.
This is the base of TNR Gold Royalty which is 0.36% on Net Smelter Return. Undiscounted cash flow of Royalty which can be paid potentially to TNR Gold over 36 years of LOM will be USD $127 Million in this case, as it is estimated by McEwen Mining PEA.
“The Los Azules PEA study for McEwen Mining is the first preliminary economic study that provides a potential value for the total net smelter return from the project’s life of mine cash flow. TNR’s 0.36% royalty on the net smelter return is an important part of TNR’s portfolio,” commented Kirill Klip, Executive Chairman of TNR. “Further advancement of this project and building on the results of the PEA will continue to contribute significant value for our shareholders.”
Shotgun Gold
Property Geology
Mineralization described on the Shotgun Gold project shares several key similarities both in timing and style of mineralization with that of the Donlin Gold project as well as other reduced intrusion-related gold systems within the Kuskokwim Gold Belt, which is included in the prolific Tintina Gold Province.
One of the founders of NovaGold Greg Johnson is on the Board of TNR Gold. We are working on attracting one of the major gold mining companies as our partner to develop Shotgun Gold.
Mineral Resources
TNR commissioned GeoVector Management Inc. (“GeoVetor”) to produce a resource estimate on the Property in 2013. Geovector reported an Inferred Resource of 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) gold for a total of 705,960 ounces gold (“Au”) using a 0.5 g/t Au cut-off grade (news release issued on April 22nd, 2013 and filed on SEDAR).
The main target at Shotgun is an intrusion-related gold system within the western extent of the Tintina gold province, Alaska.
We are looking for a strategic partner to advance this project. Alaska is back to business now, projects are moving forward and gold price above $1,300 will make our phone red-hot again. There is already a substantial interest from financial institutions to Shogun Gold project.
Our new presentations are published on all our projects and you can find them on TNR Gold website.
Chronicles Of Energy rEVolution: Kirill Klip On The 2,898% Jump In Global Demand For Lithium.
Please Note that International Lithium Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.
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