"Also in Argentina, we have 100% of a very large copper deposit, Los Azules, with about 30 billion pounds of copper. We are working on an access route that would dramatically change the value of this project. Currently, we're only able to get in and explore this property about four and a half months of the year because we have to go over two high mountain passes that get blocked by winter snow. We believe we've found a route from the north that would allow us 12-month access below the snow line, which would dramatically improve the value by giving us year-round access and low altitude power, and it would make our drilling and exploration and development costs a lot cheaper if that works.
Rob McEwen."
Supply For Tesla Energy rEVolution. GEM Royalty TNR Gold NSR Copper Holding With McEwen Mining: "Los Azules - Our Sleeping Giant."
Security of Lithium Supply is in the headlines, finally. Discovery of the Copper place in Tesla Energy rEVolution will be next. Back into the future: with new record-low prices for Solar whole continents can skip the grid and fossil fuels based energy infrastructure. They can save trillions of dollars in associated CAPEX and move directly into 21st century Post Carbon Economy. Solar and Micro Grids can power Africa, India and South America. Copper is the red metal which is going Green supercharging electric cars and renewable energy infrastructure.
InvestorIntel: TNR Gold Fine Tuning Royalty Model For Green Energy Metals.
"But the investment that could return really big bucks is another NSR that TNR holds in the Los Azules copper project in Argentina, currently being developed by former Goldcorp founder Rob McEwen. TNR holds a 0.36% NSR royalty on the project, which could return $35 billion over a 35-year mine life. A looming copper crunch as the market could move into structural deficit by 2020 means that major mining companies are hungry to pounce on attractive projects being developed by juniors. A preliminary economic assessment shows that Los Azules could deliver 415 million pounds (188,241 metric tons) of copper production a year for the first ten years of mine life with cash costs of $1.11 a pound, according to TNR.
“Investors are putting a larger discount on our cash flow because people do not expect that McEwen Mining will put this project into production,” Klip said. “All majors are looking for a good copper project and there is more and more interest.”
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Streetwise Reports:
Rob McEwen: Trade Wars, the Dollar and Precious Metals
"The Gold Report: Prices of some commodities have been falling. What are your thoughts on the current commodities market?
Rob McEwen: The commodities market has been adversely impacted by the strong dollar and the discussion of a trade war possibility, which may already be happening. With the economies of America, Europe and Asia picking up, most investors are asking, why buy gold or silver? The dollar is the key. When it starts dropping, we will see the price of gold, silver and all commodities improve.
TGR: What is your sense of that? Do you think that we might be in for a longer period with a stronger dollar?
RM: Many foreign governments and companies borrowed in dollars, thinking the dollar was going lower relative to their own currencies. But the dollar has done the complete opposite. So now, these borrowers of $US are being squeezed as their borrowing costs have risen dramatically. This is creating financial distress in certain corners of the world. At these locations the price of gold has been climbing quickly.
When will we see the gold price going up in America? Look to the fall; that is when investors will turn their attention to some of these developing problems that exist outside of America and consider how it will impact America.
TGR: What about gold equities? Do you see their prices recovering irrespective of the price of gold or are the two looped together?
RM: During the past two months, gold equities have been performing better than bullion. In the past, rallies in the gold equities have been an early signal of an improving gold market. When I look at how well the gold equities have held up relative to the drop in the gold price, I'd say that's a very positive sign. Also, there's a seasonality factor to consider. We are entering the fall, which often has been good period for gold and silver.
I'm optimistic about the price right now. It is a good time to be buying. Investors' sentiment is extremely bearish for gold. So, if you are brave enough to act as a contrarian, it's time to buy this sector!..." Continued
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