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  • Rob McEwen Live On Gold, Silver And Los Azules Copper Potential Value Based On Lumina Copper Buyout.

    Please watch the presentation:

    http://sufiy.blogspot.co.uk/2014/09/rob-mcewen-live-on-gold-silver-and-los.html#

    We have the opportunity to listen to Rob McEwen today: a lot of investors will be surprised that GDXJ has outperformed S&P this year. Despite of despair in the Gold market place the Gold performance and Gold miners performance is changing this year and Gold miners are leading the Gold. As you know, we are following Los Azules copper here with TNR Gold, today you can appreciate the potential value of this asset based on Lumina Copper buyout. Rob McEwen finally started to promote Los Azules: "... Soros moves to Argentina ... Lumina Copper was bought out ... there is an asset there which we will continue to market."

    Live Web Presentation.

     

    Acquisitions signal a turning market for miners. Canadian Junior TNR Gold holds back-in right into one of the largest copper deposits in the world.

    "Los Azules is a unique, long-life, copper mining opportunity in Argentina," commented Kirill Klip, Non-Executive Chairman of TNR. "Recent acquisitions, which include the Las Bambas copper mining project in Peru acquired by Minmetals Group from China and the Taca Taca copper deposit in Argentina acquired by First Quantum Minerals, confirm there is significant value to be realized for projects in this region. We are pleased that large-scale, capital intensive projects like Los Azules are attracting attention from global mining companies, increasing our ability to monetize our portion of the asset."

     

    Soros Bets Big on Argentina Shale

    Please read carefully my legal disclaimer.

    TNR Gold Investor Presentation March 2014 from Kirill Klip

    Please Note our Legal Disclaimer on the Blog, including, but Not limited to:

    There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

    We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

    Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.

    Sep 12 6:19 AM | Link | Comment!
  • Acquisitions Signal A Turning Market For Miners. Canadian Junior TNR Gold Holds Back-In Right Into One Of The Largest Copper Deposits In The World.

    Plerase watch the presentation:

    http://sufiy.blogspot.co.uk/2014/08/acquisitions-signal-turning-market-for.html#

    Kirill Klip, TNR Gold Corp. Chairman and avid electric car and green technology supporter.

    Wall Street Journal:

     

    Acquisitions signal a turning market for miners


    Canadian Junior TNR Gold holds back-in right into one of the largest copper deposits in the world

    VANCOUVER, British Columbia, Aug. 28, 2014 (GLOBE NEWSWIRE) -- A wave of optimism is sweeping through the mining industry, as a series of high-profile acquisitions suggest a new trend of asset-purchases is emerging and an active hunt for copper and gold properties is underway.

    It has been a steep slide from the highs of 2010, which saw mining contribute $36 billion to Canada's GDP (Mining Association of Canada, 2011 Facts and Figures).

    However, recent deals have brought interest back to the market. These include the acquisition of Osisko Mining Corp. ($3.7 billion), Augusta Resource Corp. ($555 million), and Sulliden Gold Corp. ($300 million), all of which have helped push the 2014 total to more than 40 deals worth over $7 billion.

    For junior and mid-tier companies, First Quantum Mineral's recent acquisition of Argentina-focused Lumina Copper Corp. is a leading indicator. The $470 million deal, centered on junior miner Lumina's highly promising Taca Taca copper project (120 kilometres east of the Escondida, the world's largest producing copper mine), has spurred interest in companies with similar assets across the Americas. The purchase sets a much-needed price benchmark, an essential gauge in a market now accustomed to good companies with reduced market caps and undervalued assets.

    McEwen mining, an aspiring gold and silver producer whose Los Azules copper deposit lies in close proximity to Taca Taca, feels the timing is near for its project. In a press release dated July 17, 2014 President Rob McEwen notes "With First Quantum acquiring Lumina Copper and their Taca Taca project, Los Azules moves to the forefront in terms of world-class, underdeveloped, 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."

    One of the world's largest underdeveloped copper deposits, the Los Azules is an advanced-stage, high-grade porphyry copper exploration project located in the cordilleran region of San Juan Province, Argentina. The open pit project contains 14.3 billion pounds of inferred copper and 5.4 billion pounds indicated.

    Like Lumina Copper Corp., Vancouver-based junior exploration company TNR Gold Corp. (TSX-V:TNR) is also well-positioned for the copper turnaround. The company secured interests near the Andean Copper Belts in Argentina and holds a claim to the Los Azules project. After a lengthy legal battle between TNR and McEwen, TNR was granted a back-in right to Los Azules in November 2012. The right is exercisable following the completion of a feasibility study and allows TNR to back-in for 25% of the northern part of the property, which McEwen said contains the largest share of the known resource.

    The advantage for TNR is that it doesn't assume any risks for Los Azules, nor does it need to raise any funds until a feasibility study is complete.

    "Los Azules is a unique, long-life, copper mining opportunity in Argentina," commented Kirill Klip, Non-Executive Chairman of TNR. "Recent acquisitions, which include the Las Bambas copper mining project in Peru acquired by Minmetals Group from China and the Taca Taca copper deposit in Argentina acquired by First Quantum Minerals, confirm there is significant value to be realized for projects in this region. We are pleased that large-scale, capital intensive projects like Los Azules are attracting attention from global mining companies, increasing our ability to monetize our portion of the asset."

    McEwen withdrew the Los Azules project from sale in June 2013, avoiding a depressed market price. However, as McEwen noted on the company's Q2 earnings call, the project could soon be back up for sale: "The recent sale of Lumina Copper is very encouraging and not only signals that big projects in Argentina are again becoming attractive but it also provides a measure of the value of the Los Azules project. This and other sales suggest Los Azules has a value of approximately US$300 million and represents a source of future liquidity."

    Lumina Copper's stock value climbed from $3 to nearly $11 in three months in response to the acquisition. This is an encouraging sign for properties such as Los Azules, located in close proximity and containing a considerable resource.

    With Los Azules moving to the top of the M&A list, TNR is focusing on monetizing the asset and furthering the success of its lead generator business model. The company successfully applied this model in 2010 and 2011, when it identified the Mariana lithium brine and Blackstairs lithium pegmatite projects, which became key to the formation of International Lithium Corp--a company partnered with China's Ganfeng Lithium and which TNR owns a 25.5% stake in.

    TNR also plans to attract a strategic partner for its 100% Shotgun gold project in Alaska and is seeking strategic partners for its rare earth element project in Canada.

    According to TNR President Gary Schellenberg, the company sees encouraging signs in the market to support its lead generator model. "Our ultimate plan is to develop a portfolio of projects and market them to end product users or developers who will de-risk the projects for our shareholders by spending the early exploration and development capital. Thus being less reliant upon the equity markets."

    When TNR and Lumina secured interests in Argentina's Andean copper belt, the market was projecting a dropping copper demand from China. Many analysts failed to take into account that demand has continued to rise while the refined market ran into a deficit. The result was a hit for Lumina, whose early exploration and development caught the upswing for copper demand.

    For TNR, the rapidly advancing communications and technology sectors are a strong sign that senior producers are on the hunt for large copper deposits. And with a share price considerably lower than McEwen's and a 25% stake in one of the world's largest copper deposits, TNR is sitting in a strong position to attract investors looking to benefit from the acquisition upswing.

    Kirill likes to reference what he calls the "Las Bambas effect" (in reference to Minmetal's purchase of Glencore's Peruvian mine for $5.85 billion). This effect, most recently seen in First Quantum's purchase of Taca Taca, is a snowballing interest in high-quality projects and is a promising sign of renewed market interest in copper.

    With a strong demand for commodities highlighting the value of projects like Taca Taca and Los Azules, it looks like the market for strategically placed assets is now rebounding off 2013 lows.

    CONTACT: Manager Corporate Communications Caroline Klukowski Phone: (604) 687-7551 E-mail: ck@tnrgoldcorp.com

    Please read carefully my legal disclaimer.

    TNR Gold Investor Presentation March 2014 from Kirill Klip

    Please Note our Legal Disclaimer on the Blog, including, but Not limited to:

    There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

    We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

    Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.

    Aug 29 9:03 AM | Link | Comment!
  • TNR Gold Los Azules Copper: Taca Taca Sale 'very Encouraging' For Argentina Mining - McEwen $TNR.v $MUX $ABX

    Please watch the presentation:

    http://sufiy.blogspot.co.uk/2014/08/tnr-gold-los-azules-copper-taca-taca.html#

    "Los Azules is a unique, long-life, copper mining opportunity in Argentina. Recent acquisitions that include the Las Bambas copper mining project in Peru acquired by Minmetals Group from China and the Taca Taca copper deposit in Argentina acquired by First Quantum Minerals confirm there is significant value to be realized for projects in this region. We are pleased that large-scale, capital intensive projects like Los Azules are attracting attention from global mining companies, increasing our ability to monetize our portion of the asset. In our opinion, McEwen Mining's latest analysis provides a solid base value for the asset," commented Mr. Kirill Klip, Non-Executive Chairman of TNR.

    Kirill Klip.:

    TNR Gold Corp. Comments on Recent News by McEwen Mining on the Los Azules Copper Project, Argentina.

     

    Copper M&A in Latin America, TNR Gold And McEwen Mining With Los Azules Copper.
    "We have the great news from McEwen Mining, you can Google for the whole news release. Before the value for Los Azules was based on the acquisition price paid by US Gold for Minera Andes. After the collapse in Gold prices and Argentina troubled couple of years this accounting value has became the wishful history. Now based on the valuations of Taca Taca in First Quantum Minerals takeover of Lumina Copper McEwen Mining will make the conservative accounting valuation of Los Azules. Normally the selling price for the assets is above such an assessment. You will have to make your own numbers or contact Jim Mustard at PI Financial, who is acting on behalf of TNR Gold. Read more."

    TNR Gold Investor Presentation March 2014 from Kirill Klip

    BN Americas:

    Taca Taca sale 'very encouraging' for Argentina mining - McEwen

    By Samuel Williams - Friday, August 8, 2014

    First Quantum Minerals' Cdn$470mn (US$428mn) acquisition of Lumina Copper and its Taca Taca copper deposit are positive signs for mining in Argentina, according to Rob McEwen, CEO of McEwen Mining.

    The takeover, expected to close by the end of August, is evidence of renewed market interest in large deposits in the country, McEwen said on the company's Q2 earnings call.

    Toronto-based McEwen withdrew its Los Azules copper project in Argentina from sale in June 2013 due to a lack of interest, with the CEO previously warning the project may fetch less than US$200mn due to a depressed market.

    Investment in Argentina's mining sector has been affected by import and currency restrictions imposed by President Cristina Fernández's government, as well as spiraling inflation and the strength of the Argentine peso.

    Due to Taca Taca's similarities to McEwen's Los Azules copper project in Argentina, the acquisition also helps gain an idea of the latter's value, McEwen said. The company announced a US$98mn impairment charge related to Los Azules in its Q2 results in reaction to the Lumina Copper acquisition.

    "The recent sale of Lumina Copper is very encouraging and not only signals that big projects in Argentina are again becoming attractive but it also provides a measure of the value of the Los Azules project," McEwen told the call. "This and other sales suggest Los Azules has a value of approximately US$300mn and represents a source of future liquidity."

    McEwen also has an interest in the San José mine in Argentina and mines and projects in Mexico and the US."

    Please Note our Legal Disclaimer on the Blog, including, but Not limited to:

    There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.

    We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.

    Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.

    Aug 29 8:59 AM | Link | Comment!
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