 How are you doing today? I'm your host Rich, and we have Rich to be live with our very special guest, the CEO of Kucho Copper Corp, Vince Soraci. How are you doing today, Vince? I'm doing great. How are you? I'm doing fantastic, excited to have you on our show. And I have a few questions that I wanted to ask you today to introduce Kucho Copper Corp to our community. The first question is, Kucho Copper Corp is a Canadian resource development company focused on expanding and developing the Kucho High Grade Copper ZIG project. Can you tell us a little bit more about the company? Sure. We bought this project from Capstone Mining in late 2017 and we paid $29 million for this. We were looking for an advanced-age asset and what we saw in this project was a high-grade, high-margin copper asset with relatively low capital requirements and the potential to make it better and more valuable. And what's important here is that this is an advanced-age asset. It already has over 1 billion pounds of copper equivalent already defined without any more drilling required. So in other words, this is a development stage project which has been significantly de-risked and is essentially on its way or on its path through permitting and a production decision. There simply aren't many of these types of projects around in the copper space right now and I think really important to note as well is that we are in a safe jurisdiction. We're situated in northern British Columbia in Canada, one of the safest mining jurisdictions globally and we also have a number of producing mines within the region. For example, Perdium's Bruce Jack and Imperial Metal's Redcrest Project. Fantastic. We love copper here at Rich TV Live and we love early-stage companies that have something special. It sounds like you guys are on track to do something huge here. Why is copper mining so essential for the future and why should investors be paying attention? Copper has very traditional uses, infrastructure, wires in the sky, power grids, electronics and appliances, transportation, renewable generation and that's always with us as the population continues to increase and a lot of these countries continue to build out this infrastructure. Those were the primary uses of copper but what's really come about in the last number of years is this we call it a green revolution and decarbonization, which will be a major contributor to copper's increased demand. For example, in the EV industry and the renewable energy and technologies, in electric vehicles for example, which is a driving component of copper these days, an EV would take up to say four times as much copper as your typical conventional car and I think to note is the copper industry itself is in a bit of a paradox right now. We've seen miners' costs increasing exponentially, we see grade curves declining significantly, very few mines coming online and these big copper mines that feed a lot of this supply into the market, they can take up to 20 years by the time they're discovered and permitted and built. At this point, the stage is set for the future. We have things like the US close to finalizing a multi-trillion dollar long-term economic program and you see where their focus is, it's on infrastructure and these days that is more targeted towards the green economy so EVs, renewables, charging stations, these are all very copper intensive and post-COVID I think you're going to see more and more countries around the world spending money on things like infrastructure and targeted more towards these copper intensive type projects as they're looking for job creation coming out of the environment that we're in so it's set up very well from the demand side over the coming years. I think we're going to continue to have some supply side issues what that ultimately translates into is better copper prices. You've also got calls out from some of the biggest banks and analysts out there from JP Morgan's and Goldman Sachs and Bank of America saying this is the next commodity supercycle and if they're right copper prices should go higher. I agree with that. I didn't know this until I started really researching copper learning from companies like yourself that are in the copper sector. Copper is being used in so many areas so Kucho Copper is uniquely positioned and you just provided a progress report on the feasibility study of its high-grade copper zinc project. Can you tell us a little bit more about the results and how they will impact the project's economics and also what is the upside potential of the near resource drill targets? I think the most important part of the recent update is how we shifted the way we're going to mine this project. One of the biggest lenses in the sequence is very near surface so we've shifted our philosophy from an underground mining methodology to an open pit mining methodology. What really what that means is the cost to mining comes down substantially when you open pit something. From that perspective when you're able to lower costs we expect that to translate into better overall project economics so how much money this project will make and what it's worth if you will. That would be I think the most pertinent part of the recent update and the results of that will be seen in our upcoming feasibility study which we'll talk a little bit more about in a bit. As far as the upside potential goes, we've got I put this into two categories so we've got what we call more brown fields targets or near resource targets so where our existing deposits already reside and where that one point over 1 billion pounds of copper already is. We see the potential to grow that even bigger with additional drilling and we've got a good degree of confidence. We understand that trend of mineralization because it's there so it's more of a predictive exercise. We have historic drill holes and significant intercepts around these areas already that also increase our confidence about the continuation of this mineralization. Another thing to note is there's three lenses if you will that comprise this resource. Well one of them the sumac lens we call it is approximately 10 million tons of mineralization that won't be accounted for in this upcoming feasibility study. We just haven't had the time or the resources over the number of years to drill that out to get it into a more confident category to include in this feasibility study but it's there. That's almost one-third of the resource of the project and that's valuable. What we think will happen there is that that will get tacked on to say mine life but there's definitely some inherent value there that won't be reflected in what you see in the upcoming fees and you know in addition to that we've got these we call them greenfields targets so pure exploration. This project existed for a while and there's been literally no follow-up exploration since 1990 on a number of these greenfields type opportunities and we do have perspective geology it repeats and folds itself so the same geology that hosts the current deposits repeats and folds three times throughout our claims position and we've got five or six targets there that we're excited to get back into the field to and test. You know important to note those who don't know much about VMS districts if you will they tend to grow. You tend to find more of what you started with in this type of environment in these types of districts. Now the company has received significant funding from one of the world's largest precious metals companies. Can you tell us a little bit more about this agreement and how it benefits Kuchco? Yes so back in 2017 when we completed this acquisition Wheaton Precious Metals you know one of one of the largest streaming companies in the world completed with us with what was in quantum about a hundred million dollar financing package. You know this included components of equity debt and development capital to build the project so you know Wheaton Precious has been great partners with us throughout this journey. Their involvement should also help investors feel comfortable regarding the viability of this project as they have one of the best technical teams out there and they understand what they're investing in. Now Kuchco also has continued to make headway in its negotiations with the Taltan and Casca Dina nations which is extremely important including entering into economic participation agreement with negotiations with Taltan in July. Can you tell us why this was a crucial step forward in the Kuchco project? Yeah this is this is an extremely important this is extremely important for any project not just Kuchco you know anywhere in the world these days to obtain that social license and in this case it's with our First Nation communities here in BC you know we're lucky we're in a region of BC we're both Taltan and Casca are both mining friendly First Nations we've built exceptional relationships with both of them you know and we will continue to work with both these nations in a fair and respectful manner and I believe both the company and the communities will benefit from this project. I really respect that I don't think too many people understand the importance of having relationships with the people that are living around the lands that you're drilling on that could be a game changer one way or the other with the company so I'm happy that you guys have those relationships. Now the Kuchco team brings decades of experience in mineral exploration capital markets finance among other industries who are the key members and what do they bring to the table? Yeah this is a good point because this team when we when we bought this asset and we put the new team in place for this asset you know was really tailor made for this acquisition and advancing this asset you know from the capital markets markets experience to the technical expertise both on the board and the management team to you know like I said acquire this and advance it through feasibility and permitting. We've got board members such as Stephen Quinn who you know was the CEO of Sherwood Copper who used to own this asset before merging with Capstone back in the day. Stephen knows this asset well and has always believed it would go into production. We have people like Bill Bennett on the board he's the XBC mines minister so a lot of good guidance from him that comes through the permitting aspects of this. Our technical team vast experience with working in these types of deposits in these types of settings and working through feasibility studies so you know an excellent team to help move this asset along its path. Now here at Rich TV Live we love to identify undervalued, underappreciated, underexposed companies before they explode. What should investors watch out for from Kucho Copper in the coming months? Well I'm going to bring that back to the coming weeks or week if you will. We will be releasing our feasibility study and this is an extremely significant milestone in the life cycle of this asset and it is many assets where it's the I guess the document of highest confidence. The feasibility study is what companies make production decisions from and it's what they can go out and raise hundreds of millions of dollars off of with the banks to build. This will showcase what the project is worth and you know it's again just the highest kind of call it de-risk point in this project's life cycle to date. So you know it's also a point where you know the markets the capital markets where you know after my feasibility study it would open the door to things like analyst coverage. We'll be looking at a number of strategic initiatives from partners and partner financing maybe M&A opportunities you know these are all value enhancement opportunities which I think will be sparked from you know the completion and the release of the results of our feasibility study. That sounds fantastic. Our community is filled with investors from all over the world specifically in three major markets where the market you can trade is in Germany, Canada and the United States. So for those investors that all over the world that are going to watch this interview what is the best way for them to get in touch with the company if they have any questions or if they just want to speak to you directly if possible? You know at this probably easiest visit our website www.kucho.ca you know we trade on the TSXV under the ticker symbol KC and you know go through the website we you can send an inquiry in those come to me and happy to answer and communicate with you know shareholders and any questions they may have. That sounds fantastic. Now I must remind everyone that Rich TV Live is strictly for information and education purposes. Please do your due diligence do your research before you invest in anything that we talk about or discuss here on Rich TV Live. In saying that I think that this is a company that everybody should put on their radar everyone should put on their watch list. Kucho Copper Corp you can see the symbol right here. Thank you for joining us today the CEO Vince Srirachi. Thank you Vince. Thanks for having me Rich. Always a pleasure. Love to invite you back anytime you have big breaking news or anything you want to talk about. Love to invite you back here on Rich TV Live and for those that are watching if you're not winning you're not watching we bring you the winners and we bring them to you first. Thank you for watching everybody and have a nice day.