We have discussed with you in-depth that Tesla rEVolution has already propelled Copper into the powerful Golden Cross and the significance of the break out above the $3 dollar Copper price. You already know that TNR Gold is plugged into this rEVolution and the coming mass market for Electric Cars with our NSR Royalty Holding on the entire Los Azules Copper project under the development by the legendary Mr Gold Corp. - Rob McEwen. Today Rob McEwen himself is describing the magnitude of the Los Azules Copper project for your further research: "Los Azules has resources of greater than 50 million gold equivalent ounces."
The mining world is relatively small and it is getting much smaller once you will account all capable people with the real money who can move giant projects like Los Azules Copper into the next stage. To add a few more pieces for this Energy rEVolution value play puzzle we must remember that Warren Buffett bought a $564 million stake in Barrick Gold. Barrick Gold is looking for a strategic Copper and Rob McEwen is "derisking this asset (Los Azules Copper), improving the access, and improving its attraction for a potential JV partner".
"Also, in Argentina is the company's large, 100%-owned Los Azules copper project. "To give you a sense of its size I will convert the pounds of copper to gold equivalent ounces (by dividing the gold price by the copper price, then take the product and use it to divide the number of Indicated and Inferred pounds of copper to arrive at the number of gold equivalent ounces) and to that number add the gold and silver ounces in the deposit. Based on current metal prices, Los Azules has a resources of greater than 50 million gold equivalent ounces. We have focused on derisking this asset, improving the access, and improving its attraction for a potential JV partner," Rob explained."
Tesla rEVolution, Golden Cross And $5 Dollar Copper: "Roskill Sees ‘Structural Shift’ In Copper Market On Intense Buying From China".
Will Tesla rEvolution bring us $5 dollar Copper? Not a lot of people are expecting it now. But even less has expected Tesla hitting $2,318 this week. We had already discussed with you how Tesla has supercharged Copper into the Golden Cross.
And now we are moving very fast into the $3,000 Gold with Warren Buffett's blessing. Our dear friends at the FED are doing everything they can to help us to get to the $5 dollar Copper.
Not everyone can live happily on the private island watching their Apple grow, we still need some people to bake those croissants to enjoy the morning breeze. But on a serious note, that stage which we discussed here before - with tanks and people in hazmat suits - is getting dangerously close with growing bloody divergence on every uptick for the stock markets and the number of unemployed.
FED is throwing in the towel its "Policy of the Strong US Dollar from 1913" and we cannot argue against it. All people have their right to enjoy full employment, 0.01% have their right to enjoy Apple and we are hoping to enjoy here $5,000 Gold and $5 dollar Copper. Now everybody can go home and we all can enjoy the silence.
Northern Miner is providing us with more insights into the recent stage of the Copper market and the road to the global electrification of Energy and Transport industries which is ahead of us. Somewhere on this road, McEwen Mining will strike a JV deal for Los Azules Copper as we have discussed and it will bring new valuations to all parties involved.
Higher Copper prices will address all uncertainty related to Argentina and the constant search of its destiny. Even $4 dollar Copper will make a lot of proud of people of San Juan very happy, they all deserve it. Tesla rEVolution is here and The Switch is happening for millions of people now with every new electric car sold.
This rEVolution will require a lot of Copper and giants like Los Azules can deliver it for many years to come. TNR Gold holds NSR Royalty on the entire Los Azules Copper project and below you can fund more information for your research. Stay safe, buckle up and enjoy your journey.
"TNR also holds a 0.36% NSR on the Los Azules Copper Project, located in San Juan Province of Argentina. The Los Azules Project is owned 100% by McEwen Mining Inc (NYSE:MUX) and is expected to be the 26th largest copper mine in the world once it reaches production.
A PEA at the project completed in September 2017, demonstrated a post-tax NPV8 of US$2.2bn with a post-tax IRR of 20.1%. Based on the PEA figures the mine is expected to generate average revenue per annum of U$953mln, which could generate around US$3.5mln a year to TNR over 37 years."
"McEwen Mining conference call, Robert McEwen -- Chairman and Chief OwnerHappy to. We had past discussions with a senior base metal producer. What we were looking for was recovering part of the cash we put in. We were looking for $100 million upfront that the partner would advance the project to feasibility and then into production and we would continue with an interest of 20% or 25% of the property going forward."
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