The Switch is here. It is happening. The World Just Before The Internet. Millions of people are switching from ICE cars to electric cars now. This is the End of the ICE Age.
Investors are taking notice and the brave crowd on Robinhood is chasing everything electric. Tesla breaks $655 just before inclusion to S&P 500 and Copper now goes a full melt-UP breaking $3.60 per lb on its way to 7-year high of over $8,000 per T.
"Now with Copper price crossing $3.30, Taca Taca Copper Royalty deal seems to be very interesting. With 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 you can better understand my approach of investigating Warren Buffett's Mr Market behaviour and applying the Time Machine quantum theory to my personal portfolio. TNR Gold investors are digesting Copper Royalty deal on Taca Taca. I am participating in TNR Gold Private Placement and increasing my stake again. Only your own research can help you to understand this situation. Links below can help all those who are interested. Read all legal disclaimers, run the calculators, buckle up and stay safe.
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!
Today Rob McEwen is sharing with The Northern Miner his plans to awaken his "sleeping giant" - Los Azules Copper project. We discussed with you recent Royalty deals providing finally mark-to-market benchmark for potential valuation of TNR Gold Royalty Holding on Los Azules Copper based on the recent market transactions. Today you can listen to Rob McEwen about his plans for the development of this giant Copper deposit. Proud people of Argentina are ready to build their future and become the economic powerhouse in South America to feed The Switch and Tesla Energy rEVolution. TNR Gold is plugged into this energy transition with our Royalty Holding in Copper and Lithium.
The Northern Miner: "Asked about the situation in Argentina, McEwen noted that the country “has the unfortunate experience of almost every ten years it seems to go into a period of high inflation,” and are in the midst of that right now. “They are desperate for foreign investments, it’s a mineral-rich country, and they just haven’t got their mining laws together. They are inconsistent,” he said. “But I think we’re approaching a time where they are going to be more inviting and provide some safeguards to investments for foreign investors there.”
McEwen noted that the company’s Los Azules project in Argentina contains a large copper deposit, with indicated and inferred resources totalling 30 billion lb. copper and also has some gold and silver. To put it into perspective for gold and silver investors and convert the copper and silver into a gold-equivalent, Los Azules has about 19 million oz. gold-equivalent in the indicated category and another 37 million oz. gold in the inferred.
“We did a PEA on it using a US$3 per lb. copper price, and the economics on it are really robust. It envisions 415 million lb. of copper a year at US$1.14 per lb. copper. Copper right now is about US$3.14 per lb., so if I were to convert that again to a gold-equivalent, when you include the gold and silver credits, that would be about 800,000 oz. a year at US$800 an ounce.”
McEwen added that the large capex of $2.4 billion, at US$3 per lb. copper, could be paid back in under four years and run for 36 years. While he admitted that the size of the asset and capex is beyond McEwen’s balance sheet, the company continues to move it along and make it more attractive and is considering a variety of ways to advance the project.
“We’re currently thinking of spinning it out, and putting it with a copper project that we have in Nevada and create a separate company where we retain a large interest, to have the value reflected on our balance sheet and fund that to push it forward to a feasibility study.”
“I think it’s an overlooked asset in our portfolio mix,” he continued, adding that “a lot of investors like to have companies invested in gold and silver or in copper, but not have all of that in one company, especially in a smaller company.”
