Rio Tinto comes to the giant Rob McEwen's Los Azules Copper, Gold and Silver Project. Rob McEwen answers a lot of very important questions in one brilliant move.
Who can build this giant project? Who has the appropriate balance sheet to finance its development? Who has "the innovative technology to accelerate the realisation of the enormous potential of the Los Azules Copper"?
“We are pleased to see these significant developments on the Los Azules Project and continued support by Rob McEwen of McEwen Copper,” stated Kirill Klip, TNR’s Chief Executive Officer. “It’s very encouraging to see the opportunity to expand the deposit, and the involvement of Rio Tinto, which may accelerate realizing the enormous potential of the Los Azules Project with Rio Tinto’s innovative technology.
The personal commitment from Rob McEwen and his investment of US$40 million enabled the rapid advancement of this deposit to this new phase of development in an appropriate corporate structure. McEwen Copper has raised more than US$81 million and is well positioned for further stages of development of the Los Azules Project.
TNR Gold does not have to contribute any capital for the development of Los Azules. 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.”
We discussed recently potential valuations for TNR Gold Royalty Holding on Mariana Lithium Project with Ganfeng Lithium. Today you can run again your own numbers for the potential valuations of TNR Gold 0.36% NSR Royalty on Los Azules with McEwen Mining based on the real transactions with Royalties on the other Copper projects in the marketplace.
"Nova Royalty Corp paid US$12.75mln for a smaller-sized royalty than TNR’s - which, remember is 0.36% NSR - and at a time when the copper price was much lower.Some in the market calculate that TNR’s royalty on Los Azules ought to be worth at least US$20mln on that basis, and probably considerably more.
McEwen himself has argued that Taca Taca serves as a good proxy for Los Azules." (Alastair Ford)
Chart by Nicholas Winton
Potential valuations only for TNR Gold 0.36% NSR Royalty Holding on Los Azules Copper, Gold and Silver Project with McEwen Mining can represent the multiples to the recent market cap of the Company. The most important consideration for your further analysis will be that these potential valuations are based on the real market transactions with Royalties conducted by the sophisticated Royalty Companies with Copper, Gold and Silver prices significantly below the recent levels.
TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on Mariana Lithium Project with Ganfeng Lithium, Los Azules Copper, Gold and Silver Project with McEwen Mining and Batidero I and II Properties of Josemaria Copper-Gold Project with Lundin mining.
On my blog following the links below, you can find more information about TNR Gold Corp. and our Royalty Holdings. Do your own research, read all disclaimers, as usual, and stay safe and prosper. Join rEVolution!
"Rob McEwen describes the opportunity to expand the deposit and the size of the giant Los Azules Project: "If you covert Copper, Gold and Silver at today's prices - you are looking at the equivalent of 60 Moz Gold deposit." You can find more very interesting comparisons of Los Azules and other major copper projects in Argentina in this video as well."
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.
Rio Tinto Comes to Los Azules: TNR Gold Update – NSR Royalty on McEwen Mining’s Los Azules Copper, Gold and Silver Project
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