Mining.com reports that Bloomberg brings Rob McEwen and the giant Los Azules Copper, Gold and Silver Project into the headlines again. Drills are turning fast at Los Azules with more than 2,000 m drilled already in the new 2022 - 2023 season in Argentina. TNR Gold shareholders can expect the new drilling results coming soon, while Rob McEwen is talking about the opportunity to expand the Los Azules deposit.
"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."
"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!
Mining.com:
Bloomberg News | December 7, 2022 |
"McEwen Mining Inc. is planning to take its copper unit public next year, seeking to capitalize on growing demand for the wiring metal.
The company run by metals entrepreneur Rob McEwen is preparing an initial public offering for its McEwen Copper business in the first half of 2023, according to Michael Meding, who leads the unit. The company operates in Los Azules, one of the world’s biggest underdeveloped copper deposits.
“These are exciting times to be in mining and in Argentina,” Meding, who was previously at Barrick Gold Corp., said in a phone interview, without providing further details. There’s been increased interest from prospective investors who previously were less active in mining, he said.
McEwen Copper, which landed Rio Tinto Group venture funding in a recent private placement, would go public at a time when copper demand is accelerating while the industry’s production pipeline is running dry. The global shift away from fossil fuels has spurred demand for the metal that goes into electric vehicles and solar panels.
The company currently has eight rigs doing exploration and resource drilling at the Los Azules property in Argentina’s San Juan province. Meding expects to apply for permits as early as mid-April to begin active mining and a feasibility study may be ready in 2024.
Argentina’s government has made efforts to develop more of its vast deposits of lithium and copper, and San Juan in particular is becoming a hot-spot. Lundin Mining Corp. is also drilling large deposits in Los Azules and Glencore Plc is accelerating feasibility work at its El Pachon project.
(By James Attwood)"
TNR Gold Extols its NSR Royalty at McEwen Mining's Los Azules Copper After Rio Tinto Investment
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 Projectand 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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