 Welcome back to Investor Intel. I'm Peter Clausi today. I'm here again with my friend Carol clip. Hi Carol Hi Peter, how are you doing? What's the weather there in Toronto? Rainy and cold. You? Oh, it's sun and sunshine and bright sky quite unusual for us So I hope to send a little bit of energy to you and all our viewers. Good Well when you come up for the mining show in March, hopefully it'll be nice We can wander around outside and talk about TNR gold So TNR was on my radar stock prices jumped up lately and there's only one man in the world to explain this Thank you very much, Peter. I guess that man will be me so I will start to tell you a little bit about our story Tina Gold Basically, we are building green energy metals royalty company Tina Gold And I will start with three very important numbers for our short conversation today First one will be from UBS the largest wealth management bank in the world. They estimate Jump by 2890% in lithium demand in 100 EV world Second very important number will be from copper international association They are talking that copper demand for electric cars should accelerate nine fold from 185,000 metric tons today to an estimated 1.7 million tons in 2027 and the third extremely important number which lately now interview I will try to explain to all our viewers better is 127 million dollars This is an estimated cash flow are discounted for our Tina Gold royalty In a huge copper project being developed by McEwen mining run to the management and leadership of Legendary rock McEwen called Los Azules in Argentina. Let's do let's do Los Azules first because it's easy TNR has a royalty on a world famous large copper project. Is that copper project in production yet? No, this copper project not in production yet, but this year we have received extremely important Confirmation of its potential Losa Los Azules is one of the largest copper porphyry systems in the world just a few weeks ago Argentina and Chile have signed a protocol and a development of Los Azules. So check number one Political uncertainty is out from Evaluation metrics for this project this support and cooperation Exhibited by Chile and Argentina for potential mine development at Los Azules comes as a very good news for us Of course, right because just in September McEwen mine has delivered new PA for Los Azules preliminary economic assessment and New resources in all categories reported by McEwen mine Is that the news that caused TNR's stock to jump? Yes, it took us Few weeks and maybe even couple of months that market digested more or less Potential of our story and today it's such a great opportunity just before Christmas to discuss What is really happening here? And first of all The most beautiful thing in mining which could happen is already in our news releases Our baby Los Azules is growing much larger numbers are getting bigger and bigger For example copper resource now jumped from 19 billion pounds to almost 30 billion pounds It's 55% increase Gold is now up from 3.4 million once it's of gold to over 5.5 billion once of gold It's another 61% increase and still what's what what's the target timeline though to be in production? McEwen mining now is talking about Los Azules being in production in five years time So finally we start to hit the numbers major milestones when it's moving Into production and whatever discount investment community have on our royalty Right hopefully this discounts will become smaller and I will come back to our number. We just discussed a few minutes ago What is this 127 million dollars? Which I expect to receive from Los Azules copper mine as my part of Next military turn running you over the life of mine for the first time McEwen mining has reported estimations of next military turn and estimations for cash flow of next military turn from Los Azules will be 35.2 billion dollars over 36 years of life of mine and discounted our partner Tina gold Applying our 0.36% NSI royalty on all this cash flow will be very interesting number 127 million dollars and you can check and maybe you better tell our Viewers what is our market cap? But of course they should always check all our disclaimers Absolutely, and anybody who wants to read that feasibility study can go to Cedar where McEwen mining would have posted that Exactly, so the Los Azules copper project is an easy one to discuss and that's within TNR gold You also have a gold porphyry project in Alaska. Yes. Yes. Let's talk about that. What's that one called? That one is called shotgun gold and what is very interesting as All our mine for snow Alaska was quite a difficult jurisdiction unfortunately for a number of years, but now thanks to positive political changes in this case and I will stop short here Alaska is back to business and we can see that one after another not Mentioned names, but Alaskan base gold development companies are shooting through the roof if I may use this kind of voting here So basically what we have Is our shotgun shotgun gold in Alaska? We are just couple of hundred miles apart from Dornling gold as you know developed by Nova Gold and that is very significant porphyry intrusive gold system with over 40 million ones of gold. I have another Major asset among our team at TNR gold is Greg Johnson our Director who was among the founders Peter as you remember of Nova Gold? Yes, and who basically developed Dornling gold They were developing Shotgun gold and then we managed to buy it out from Nova Gold where gold market, you know was not very exciting any more and majors or even Companies like Nova Gold they were selling the exploration assets, and you know I think we made one of the best investment decisions at least in my lifetime when we secured 100% of this project now we own 90% So basically what we're talking there we're talking about very similar Geological signature according to Greg Johnson all our views could check our news releases from years ago And we have developed quite interesting resource already there is 20 million tons at one gram per ton of gold And we have seven hundred thousand ones of gold and third resource initial But it's top of the rich so nothing prevents us to think that this project could become another very Significant gold porphyry system with the intrusive Mineralization in alias. What's the relationship between TNR and international lithium? Just TNR when shares an international? Yes, very good question Peter. TNR gold holds a strategic stake in international lithium Owing very significant number of shares Plus we have a royalty on one of the major assets in international lithium The project is called Mariana lithium. It's located in Argentina, and it's operated by Largest lithium material producers from China one of the largest lithium Genfeng lithium from China, and now you can see our philosophy Basically via project generation company. We are looking for opportunities being based in our venture capital in order to advance the project to the Level when majors of this world like Maki mining like infangillifium will be interested in our project and then we reduce in our operational risk We reduce in our capital exposure because these Companies leaders in the industry they will bring capital and what is more important? Technology in order to advance our projects right and then we are keeping our state as long as we can contribute and Hopefully the valuation of the project goes much higher and then our state will be either bought out By our operators like infangillifium in international lithium for example Or we will reduce our share holding to royalty like with Los Azules, but like we discussed Potential cash flow could be so significant in order to be applied to our recent market So what percentage of international lithium does TNR own? And TNR holds then a net smelter returns royalty on The Marianas project or gang fang as your partner. Yes, that's correct 1.8% Which we believe will become another very significant potential cash flow stream Like we just discussed about our Los Azules copper royalty sounds good a when you come up to Toronto I'll buy you a beer again like last year. We can talk about it Thank you very much Peter. Thank you. It's very good energy What we're talking about and we continue we can continue for hours. Sounds good. I thank you for your time. Have a tremendous day Thank you very much, Peter And I would like to use this opportunity to extend the warmest regards from all our team at TNR Gold to all investor intel team to you personally and I will Would like to be a very happy holidays very happy new year and I will not afraid it many Christmas if you celebrate