“I am very pleased to see this very exciting and significant development for the Los Azules Copper Project and personal support by Rob McEwen of the newly created McEwen Copper,” stated Kirill Klip, TNR’s Executive Chair. “It’s very encouraging to see the personal commitment from Rob McEwen to advance the rapid development of this giant copper, gold and silver deposit in an appropriate corporate structure which will allow financing and further development of the Los Azules Copper Project.
TNR Gold holds a 0.36% NSR royalty on the entire Los Azules project containing copper, gold and silver metals. TNR Gold does not have to contribute any capital for the development of the Los Azules Copper Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”
Rob McEwen is putting US$40 million of his own money where his mouth is and launching McEwen Copper to feed Tesla Energy rEVolution. I am very encouraged by this exciting development for TNR Gold and you should watch the Los Azules Project video in order to better understand the magnitude of this giant Copper, Gold and Silver Project and its potential.
Announced by McEwen Mining new drilling program of over 50,000m will be generating a lot of news and interest in the industry in the months to come. Hopefully, Los Azules resources will grow further. TNR Gold does not have to contribute any capital for the development of this giant project and we are moving one more step closer to the potential cash flow generation with our NSR Royalty Holding on the entire Los Azules Copper, Gold and Silver Project.
"August 23, 2021TORONTO, Aug. 23, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE and TSX: MUX) announces that its subsidiary, McEwen Copper Inc., has closed the first tranche of the Series B private placement offering announced on July 6th, 2021 (the “Offering”), issuing 4,000,000 common shares at a price of $10.00 per share for gross proceeds of $40,000,000."
In order to better understand my discussion about the Mr Market's Time Machine and "the unique entry point in the companies with a better business being on sale at a better price" you should study deal on Taca Taca Copper NSR Royalty and run some numbers applicable to Los Azules:
"TNR Gold receives a very good valuation benchmark for our Royalty Holding on the entire giant Los Azules Copper Project which is being developed by the legendary Rob McEwen. All our long-term followers remember that McEwen Mining was stating in their news releases that "Taca Taca serves as a good proxy for the value of Los Azules".
McEwen Mining Chairman, Chief Owner and CEO Rob McEwen said: "With First Quantum acquiring Lumina Copper and their Taca Taca project, Los Azules moves to the forefront in terms of world-class, undeveloped, high-grade copper assets not owned by a major mining company. As we have said in the past, Taca Taca serves as a good proxy for the value of Los Azules and we believe this transaction demonstrates value in projects located in Argentina."Now deal by Nova Royalty provides all our devoted followers with more information to crunch the numbers and arrive at their own conclusions about the potential valuations for TNR Gold. Below you can find more information for your own research.
Nova Royalty pays for 0.24% of NSR Royalty on Taca Taca USD$12.75 million, TNR Gold holds 0.36% NSR Royalty on the entire giant Los Azules Copper project.
"Nova Royalty Corp. said on Thursday that it has struck royalty purchase agreements with private parties to acquire an existing 0.24% net smelter return (NSR) royalty on First Quantum Minerals Ltd’s Taca Taca copper-gold-molybdenum project, in Argentina for around US$12.75 million in a cash-and-stock deal."
Do your own research, as usual, stay safe and prosper. Join the rEVolution.
Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions.
Do Your Own Research.
TNR Gold Royalty Holding On Los Azules Copper, Gold & Silver Project With McEwen Mining: "MUX Creates McEwen Copper Which Announces $80 Million Series B Private Placement To Advance The Los Azules Copper Project."
And now we have another great news for TNR Gold shareholders and proud people of Argentina! This news is a very nice second booster for our GEM Royalty Portfolio after Ganfeng Lithium's announcement about their plan to invest US$600 million in Mariana Lithium Project - TNR Gold Lithium Royalty Holding.
We extend our congratulations to Rob McEwen and all his Team! It is a long journey, but giant mining deposits like Los Azules Copper, Gold and Silver Project deserve the best treatment. You must be ready and have the timing right to earn respect from ruthless and brutal Mr Market.
Now Rob McEwen is doing exactly what is required for Los Azules. He is putting the best structure, his personal support and a very nice corporate governance treatment to this GEM to make the best diamond which will shine very bright on its way of building Argentina into the Power House of Energy rEVolution. The proud people of Argentina are ready to build this new chapter for their beautiful country.
Judging by the treatment of Ganfeng Lithium's plans for Mariana Lithium and granted "green light to go" in the record time, the Government of Argentina is ready as well to address its economy in the most productive, practical and efficient way in order to attract investments and the best companies to build these industries for the 21st century.
Today, Mr Goldcorp. Rob McEwen is moving the giant Los Azules Copper, Gold and Silver project on the fast lane of development to feed Energy rEVolution. TNR Gold is plugged into this electric future with our NSR Royalty Holding on the entire Los Azules Project:
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