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.”
Powered By Tesla Energy rEVolution: TNR Gold Los Azules Copper NSR Royalty Holding With McEwen Mining Presentation.
"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 Receives A Valuation Benchmark After Royalty Deal. Rob McEwen: "Taca Taca Serves As A Good Proxy For The Value Of 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."
It is important to note for all calculations of the potential valuations that TNR Gold Los Azules NSR Royalty does not have any buyback provisions which applies to Taca Taca Royalty valuation:
"The royalty is subject to a buyback right based on the proven reserves at Taca Taca in a feasibility study completed by a recognized, international consulting firm that is contracted by mutual consent, including the royalty holders. Nova said the buyback amount will be equivalent to the amount of the proven reserves multiplied by the prevailing market prices of all applicable commodities within Taca Taca."
"TNR also holds a 0.36% NSR on the Los Azules Copper Project, located in San Juan Province of Argentina. The Los Azules Project is owned 100% by McEwen Mining Inc (NYSE:MUX) and is expected to be the 26th largest copper mine in the world once it reaches production.
A PEA at the project completed in September 2017, demonstrated a post-tax NPV8 of US$2.2bn with a post-tax IRR of 20.1%. Based on the PEA figures the mine is expected to generate average revenue per annum of U$953mln, which could generate around US$3.5mln a year to TNR over 37 years."
The Northern Miner:
‘Money is now being made in the sector once again’: Rob McEwen on investment strategies at the Global Mining Symposium
"The Northern Miner’s Global Mining Symposium this week featured an interview with Canadian mining entrepreneur Rob McEwen, chief owner and chairman of McEwen Mining (TSX: MUX; NYSE: MUX).The legendary investor, perhaps best known for transforming Goldcorp into a global powerhouse and revitalizing the Red Lake gold mine in Ontario, shared his philosophy on everything from how to pick the right companies in which to invest to how unprecedented government spending around the world is creating the next bull market for gold."
