"I am very pleased that the TNR Gold team has the full support of the Company's investment loan capital provider who is supporting our business plan and long-term strategic initiatives," commented Kirill Klip, Executive Chairman of TNR. "It is clear that the decision of our investment loan capital provider is a resounding show of confidence in TNR Gold's long-term business strategy, asset portfolio and management team. Now we can concentrate our efforts on building this green energy metals royalty company by maximizing the value of our royalty portfolio of copper and lithium projects that are instrumental in the electric vehicle and green energy sectors, investigating new strategic acquisitions, and development of the Shotgun Gold project in Alaska. The essence of our business model is to have industry leaders like McEwen Mining and Ganfeng Lithium as operators on the projects that will potentially generate royalty cash flows to contribute and develop significant long-term value for our shareholders."
We are looking for the Strategic Partner to develop Shotgun Gold In Donlin Gold Mining District.
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.
Why More Gold M&A Is Coming: GEM Royalty TNR Gold Presentation - Gold In Alaskan Elephant Country.
We will discuss with you details of the recent mega-mergers in the Gold mining sector between Barrick Gold and Randgold which was followed this week by $10B merger between Newmont Mining and Goldcorp in my next blog article. Today I would like to share with you a few main thoughts about the recent stage of the Gold market.
Now the best exploration for Gold is on the stock exchanges: all mining companies are greatly undervalued and junior miners are priced for their bankruptcy and office furniture liquidation value. Major M&A is signalling that Golden Cross, which Frank Holmes is brilliantly illustrating above, is for real and industry insiders are shopping when the value is still really depressed, but this situation will not stay for long anymore. "Stealth Gold Bull Market" - Rob McEwen was talking about has grown up and is going to break a lot of "China in the monetary shop".
Newmont Mining CEO Gary Goldberg was talking today on Bloomberg about falling Gold production in the years to come. The industry needs new resources and new giant projects in the pipeline just to keep the decline in production from a total crash. We have reached Peak Gold, great projects are coming few and far between.
Barrick Gold is developing together with NovaGold 40MOZ giant Donlin Gold in Alaska - "arguably the most important Gold project in the world." So where will you be looking for the elephants? Maybe in the Alaskan Elephant Country.
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.
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