TNR Gold investors are digesting the news from Argentina and a new benchmark for potential valuation for NSR Royalty on the giant Los Azules Copper Project after Nova Royalty has acquired NSR Royalty on Taca Taca Copper:
"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."
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 with Copper price crossing $3.30, Taca Taca Copper Royalty deal seems to be very interesting. With the Copper price at $4.00, buyers will be considered as very smart investors, with Copper price at $5.00 - they will be considered as geniuses."
Now we have more good news coming from San Juan. My Spanish will not be the best to help us here and you will have to translate this article from Si San Juan. But the main messages are clear. San Juan - the home of McEwen Mining's giant Los Azules Copper project in Argentina - is presenting itself to the international investors not as "a province with mining, but as the mining province":
"At the close, the first provincial president urged the foreign investment sector to see San Juan as a suitable destination for future mining investments, arguing that “we have found the opportunity, not that San Juan is a province with mining, but that San Juan is a province mining. Therefore, the reason for this seminar ”, thus summoning“ the entire foreign investment sector to see San Juan as a feasible pole for the development of mining businesses ”. Si San Juan.
“The Fraser index, which marks the confidence of the investment sector in the different national and sub-national states, has placed the province of San Juan among the most reliable states in all of Latin America and this has been the product of the efforts of the State but also of understanding and respect for rules and laws by the private sector ”, he concluded."
Following the similar moves on the federal level in Argentina concerning the development of the Lithium industry, we have more indications that the great country is turning the corner:
"The proud people of Argentina are hungry for the real work and can build this great nation into the Power House for The Switch and Energy Transition supplying Copper, Lithium and other strategic materials. The next step will be to build the manufacturing base for the Energy rEVolution in Argentina."
As always, the most important will be the people who are making decisions in the mining industry and what they are thinking about this progress. Marc Bristow, CEO of Barrick Gold has participated in the event and we can see his reaction and expression of commitment to Argentina:
"Following the words of the authorities, Mark Bristow, president of Barrick Gold Corporation; He highlighted the importance of working with the communities: "It is my mission to grow the partnership between Barrick, its operators in Argentina and the province of San Juan." Si San Juan.
Tesla Energy rEVolution And The Golden Age For Copper: Kirill Klip GEM Royalty TNR Gold Copper Presentation December 2020
"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."
TNR Gold Los Azules Copper Royalty Holding - Rob McEwen: “We’re Currently Thinking Of Spinning It Out... And Fund That To Push It Forward To A Feasibility Study.”
The good news is coming in to bright up the days this Fall for TNR Gold and all our shareholders. We all more than deserve it after very hard work and I would like to extend our deep appreciation and gratitude to all our shareholders for your support of our Company. On your behalf, I would like to thank our very talented GEM Royalty TNR Gold Team. Our projects are growing. I am investing in our Company again and you are welcome to follow, learn more and join us, please do not hesitate to contact me personally. Do your own research, as usual, stay safe and enjoy the journey!
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