Thursday, 31 October 2019

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



"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.




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





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





Monday, 21 October 2019

Lithium Will Power Us For The Next 50 Years And Then Robots: Kirill Klip GEM Royalty TNR Gold Lithium Presentation October 2019.



"Kirill Klip, Executive Chairman of the Company commented, "We are very pleased to see that Ganfeng Lithium is advancing the Mariana Lithium project in Argentina towards further pre-feasibility studies. The Mariana Lithium preliminary economic assessment ("PEA"), as announced in our news release of January 28, 2019, was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana's life of mine cashflow. TNR Gold does not have to contribute any capital for development of Mariana Lithium and our NSR Royalty does not depend on the size of ILC's share in Mariana Lithium. The 1.8% Mariana NSR Royalty is an important part of TNR Gold's portfolio. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders."







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.





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




Attack on oil facilities of Aramco in Saudi Arabia reminded us about the importance of oil for the global economy this weekend. All markets are totally hooked up on these events today with oil spiking as high as 20% in futures trading last night and now trading up 10%. Gold is back above $1,500 and any discussions about further potential tensions in the region are followed by the scenarios with oil hitting $100 and gold going to $2,000 very fast.




POTUS is "locked and loaded". It looks like now he will get his rates cuts from FED for the "plan A" with some kind of deal with China coming next. I do hope that "plan B" - "regional war" will be avoided. After all these events are traded by all sides involved, the very important questions will come to the boardrooms all around the globe. Energy supply is still very highly concentrated in literally most flammable regions of the world. What can be done about it to really address the energy security in the long term? The solution will be the tide of billions of dollars coming from funds who will be divesting from oil and increasing allocations to the Energy rEVolution.




Thanks to Energy rEVolution, we all do not have to be hostages of this bloody side of oil business any more. The technology is here. Collapsing costs of solar and wind provide the solution for real energy security with distributed power generation. Cheap lithium batteries change everything. Elon Musk and Tesla made electric cars possible. Now we are entering into the mass market stage of The Switch - when literally millions of people will be buying electric cars.




As we have discussed, the lithium market and juniors involved are so much hated now that it deserves a second look for all contrarians at heart. As always, do your own research and you will have to pick up the winners. You can find my posts on the links which can help you.




Lithium technology will power electric cars for years to come, but who can cross the desert now, when juniors are starving for capital and even majors are struggling with direction during the short term "glut of lithium" in China? Who will deliver 1M tonnes of lithium LCE per year starting in 2025? Who can afford to raise the needed capital and make this jump in the expansion of production facilities from 320,000 tonnes of LCE in 2018? I think that it will be safe to say that top lithium names will be the answer.Companies like a giant from China Ganfeng Lithium already have supply agreements with Tesla, BMW and Volkswagen. They have the staying power not only to survive lower lithium prices but further consolidate the market, as we have been discussing before.




Ganfeng Lithium continues its commitment to Argentina and has celebrated the closing of its $160M additional investment into Lithium Americas JV in September. TNR Gold holds NSR Royalty on Mariana Lithium project which is being developed by JV with Ganfeng Lithium as the operator and does not have to contribute any capital for the development. Ganfeng is expecting pre-feasibility and feasibility studies to be completed this year. Below you can find more information for your research.







"Kirill Klip, Executive Chairman of the Company commented, "We are very pleased to see that Ganfeng Lithium is advancing the Mariana Lithium project in Argentina towards further pre-feasibility studies. The Mariana Lithium preliminary economic assessment ("PEA"), as announced in our news release of January 28, 2019, was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana's life of mine cashflow. TNR Gold does not have to contribute any capital for development of Mariana Lithium and our NSR Royalty does not depend on the size of ILC's share in Mariana Lithium. The 1.8% Mariana NSR Royalty is an important part of TNR Gold's portfolio. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders."





Building The Green Energy Metals Royalty Company: TNR Gold Reports On Mariana Lithium Royalty Holding - Giant From China Ganfeng Lithium Advances The Project In Argentina.



(From the published in March 2019, Ganfeng Lithium's 2018 Audited Annual Report.)

As always, all readers must read carefully all disclaimers, do their own due diligence and study audited reports of all companies involved in Mariana Lithium project in their entirety. Now we can discuss what we know from the published Ganfeng Lithium's 2018 Audited Annual Report in March 2019, that Ganfeng is expecting pre-feasibility and feasibility study of Mariana Lithium project to be completed in 2019. And ILC has announced in its Audited 2018 FS which was published on April 30, 2019, that Ganfeng decided to propose a budget for Mariana Lithium Project of $10 million dollars for the first 6 months of 2019. Earlier this year Ganfeng has invested an additional $160 million dollars in the Lithium Americas in order to advance their Cauchari-Olaroz lithium brine projects in Argentina. The development of Mariana Lithium Project in Salta can benefit from all R&D and learning curve of Ganfeng's development with Lithium Americas in Argentina and, hopefully, avoid the costly mistakes of other lithium brine operators.



(From the published on April 30, 2019, ILC's Audited 2018 FS.)





Thursday, 17 October 2019

Powered By The Ultimate Hedge And rEVolution: Project Generator TNR Focuses On Gold And The Key Energy Metals, Copper And Lithium.



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




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




Powered By Energy rEVolution: TNR Gold Los Azules Copper NSR Royalty Holding With McEwen Mining Presentation.




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.





InvestorIntel:

Project Generator TNR Focuses On Gold And The Key Energy Metals, Copper And Lithium

 | OCTOBER 16, 2019 |


TNR Gold Corp. (TSXV: TNR) is an exciting Canadian project generator and exploration company which has been successful in generating high-quality exploration projects around the globe. TNR Gold’s current three main projects involve gold in Alaska, copper and gold in Argentina, and lithium in Argentina.
TNR Gold – Exposure to gold, copper, and lithium
Shotgun Gold Project (90% owned) – Alaska
The Shotgun Gold Project is an advanced-stage exploration prospect in southwestern Alaska. It is a porphyry gold deposit with the potential for a bulk mineable gold resource. A 2013 resource estimate was 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. At US$1,500/oz the project is looking increasingly attractive. Shotgun Gold is 190 km from Donlin Gold and resembles the same geological signature as Donlin.
The property is predominantly underlain by Cretaceous marine sediments of the Kuskokwim Group which have been intruded by several igneous bodies ranging from granite to syenite in composition throughout the late-Cretaceous Period. Some of these intrusions appear to be directly related to gold mineralization. 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. The potential of the region is indeed there for a “great discovery” as stated below.
Kirill Klip, Executive Chairman of TNR Gold commented: “TNR Gold is actively introducing the Project to interested parties. We may be at the beginning of a great discovery. 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.”
More gold mining juniors are getting interested in Alaska
The news about Electrum Group partnering in a new venture with gold mining legends Rob McEwen and Eric Sprott for exploration in Alaska should ignite a new wave of interest for the juniors operating in Alaska. The State has now jumped to fifth place among safe mining jurisdictions and the elephant-sized 39 Moz Donlin Project is gathering more attention by the day. Electrum Group is the major shareholder of Nova Gold which is developing Donlin Gold in JV with Barrick Gold. Donlin Gold is being called “Arguably the world’s most important gold project in the industry” and “One of few large federally permitted gold projects in North America.” Its development will bring infrastructure to the whole South-West Alaska creating one of the major mining districts in the US.
Los Azules Copper-Gold Project (0.36% net smelter return (NSR) royalty) – Argentina
TNR Gold is already involved with mining legend Rob McEwen in Argentina. TNR holds a 0.36% net smelter return royalty on the 100% owned McEwen Mining Los Azules Project. Based on Preliminary Economic Assessment assumptions, TNR’s 0.36% NSR royalty equates to ~$38 million life of mine value.
Last year the Los Azules Project identified a critical value-adding milestone with a Northern access road route explored during March 2019 and confirmed to be viable for access and a proposed electrical transmission line. Permitting efforts are continuing to advance. McEwen Mining is targeting the submission of the Environmental Impact Assessment by the end of the year and expects the Environmental Impact Declaration to be received during 2020. The new access road will allow the project to operate all year round. This is all good news for TNR Gold that the project is progressing well.
Mariana Lithium Project (1.8% NSR royalty) – Argentina
TNR Gold holds a 1.8% NSR royalty on the Mariana Lithium Project in Argentina which is being developed by a JV with Ganfeng Lithium and International Lithium (ILC). TNR Gold does not have to contribute any capital for the development of Mariana Lithium and the 1.8% NSR royalty does not depend on the size of ILC’s share. This royalty is another part of TNR Gold’s portfolio as the essence of TNR’s business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cash flows to contribute significant value for their shareholders. The development of the Mariana Lithium Project in Salta Argentina can benefit from all R&D and the learning curve from Ganfeng’s development with Lithium Americas in Argentina, and hopefully avoid the costly mistakes of other lithium brine operators.
Ganfeng Lithium has reaffirmed its commitment to Argentina celebrating a few weeks ago closing of an additional $160 million investment with Lithium Americas. Earlier this year it was reported that Ganfeng has proposed a budget of $10 million for further Mariana development in the first half of 2019. In its 2018 annual report, Ganfeng reported that Mariana Lithium pre-feasibility and feasibility studies are expected by the end of this year. TNR can expect further news about the economic potential of this very significant development for the burgeoning EV industry under the operation by Ganfeng – the largest integrated lithium producer from China.
TNR Gold valuation looks to be extremely attractive especially given the Alaskan gold at Shotgun (90% owned) (705,960 inferred ounces), the Los Azules Copper-Gold Project 0.36% NSR Royalty (~$38 million life of mine value), and the Mariana Lithium Project 1.8% NSR royalty. Considering all of the above the market cap of C$4.71 million suggests TNR Gold is super cheap, especially with gold near US$1,500/oz."



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.



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."