Kirill Klip GEM Royalty TNR Gold Copper Presentation November 2019

Back Into The Future
Tesla Energy rEVolution: Red Metal Goes Green.
Kirill Klip GEM Royalty TNR Gold
Copper November 2019
1

Legal Disclaimer
All information about McEwen Mining and International
Lithium is presented from publicly available data.
2

Legal Disclaimer For The US
Please read legal disclaimers. There is no investment advice in this
presentation. Always consult your qualified financial adviser.
3

Energy rEVolution
The World Just Before The INTERNET
“Maximum Plaid” of Tesla Roadster: Elon Musk has
demonstrated the potential of Electric Cars.
4

Oil Is Still Very Big
Actually, oil is very big, but thanks to rEVolution
Energy Security is not only about oil anymore.
5

Tesla Model 3
Before we had the best Electric Cars and affordable EVs. Now
we have the first best and more affordable Electric Car.
6

Tesla’s Unfathomable Launch
Elon Musk promised to ramp up Model 3 to 10k a week
and build 500k of all models in 2018.
7

Tesla In 2018
Tesla becomes “Real Car Company”.
8

Tesla Best-Selling Luxury Car
Tesla Model 3 was America’s best-selling luxury car in
2018.
9

Tesla 2019
Tesla Vehicles Deliveries Q3 2019.
10

The End Of The ICE Age
Tesla Model S was an earthquake, followed by tsunami
of Model 3. Model Y will end The ICE Age.
11

Cheaper Lithium Batteries Change
Everything
Advanced materials are the base of Energy rEVolution.
12

Tesla Ahead Of The Curve
Catalyst: Elon Musk talks about lithium cells cost below
$100 per kWh by 2019 and for battery packs by 2020.
13

Mass Volume Production
Lithium batteries mass volume production is getting
ready for mass market for electric vehicles.
14

Tesla Ramping Up
Elon Musk predicts that adding the cheaper Model 3 will
boost sales this year.
15

China’s Electric Car Surge
China’s share of electric-vehicles sales has grown
exponentially in just a few years.
16

China’s Hunger For Copper
China’s Copper Raw Material Imports: 2008 – 2019.
17

Tesla Energy rEVolution
Electric Cars are coming faster than a lot of people are
anticipating it.
18

The Switch: Mass Market For EVs
Now all automakers are rushing to catch up with Tesla.
19

The Switch Flipped
Electric Cars are forecast to account for all the growth
in passenger vehicles sales from 2023.
20

Mercedes Kills ICE Engines
Daimler stops developing new generations of ICE
engines and will concentrate on electric powertrains.
21

The Switch: The End of The ICE Age
China’s ICE engines passenger vehicles sales
collapsed.
22

China EVs Sales
China is the global leader in sales of EVs.
23

Global Electric Vehicles Sales
Cumulative global passenger EV sales - 4 million sold.
24

Global Electric Vehicles Sales
Global Electric Vehicles fleet and sales - 5 million sold.
25

The Time To Sell A Million EVs
The time to sell a million EVs is shortening.
26

Global Electric Vehicles Growth
Virta: Year on year growth in sales of electric vehicles.
27

Global Electric Car Fleet
Virta: Estimated global electric car fleet in 2019.
28

EV Mass Adoption
EV outlooks are changing towards mass adoption.
29

The End of The ICE Age &
OIL Domination.
For centuries we have been burning things just to get some energy.
It has been mostly OIL for the last 100 years.
Not Anymore.
We do not have to burn things.
Electricity is the most efficient form of Energy known to humans.
And now we can Store It and USE IT When We Want.
Cheap Lithium Batteries Change Everything.
30

China’s State Grid Is
Getting Ready For 100
Million Electric Cars By
2030
Can We Reach 200 Million EVs Globally By That Time?
31

Tesla Comes To China
Shanghai welcomes Elon Musk and Tesla Gigafactory 3.
Transfer of technology is unavoidable.
32

Tesla Gigafactory 3, China
Tesla’s $2B China Gigafactory covers the size of 121
football pitches, aims to make 3k EVs a week.
33

My 20/200 Formula
The Switch: we are getting there - mass market for EVs
USD$20k buys you BMW 2 style EV with 200 miles range.
34

Green Energy: Clean Equals Cheap
Catalyst: Solar and Wind Energy becomes cheaper than
coal and gas.
35

Clean Energy Is Getting Cheaper
All-in cost for clean energy is already cheaper than
coal and gas.
36

Tesla Energy rEVolution
We must stop burning oil. Solar and Wind. Electricity.
37

Renewable Energy
Renewable energy projected to account for three
quarters of global power generation by 2050.
38

A Golden Age For Copper
Visual Capitalist: “With the rise of EVs, copper demand
will follow suit”.
39

Copper And Clean Energy
Visual Capitalist: “A new energy transition is beginning
and copper is at the heart of it”.
40

Clean Energy Transition
Visual Capitalist: “In the future, clean energy sources are
set to take a larger potion of the global energy mix”.
41

Clean Energy Becomes Cheaper
Visual Capitalist: “The declining costs of wind, solar and energy storage
technologies will contribute to the clean energy transition”.
42

Why Copper?
Visual Capitalist: “Copper has the superior properties that
allow it to be used for many types of clean energy”.
43

Copper In Wind Farms
Visual Capitalist: “Offshore wind farms require
significantly more copper per MW”.
44

U.S. Large-Scale Wind Projects
Visual Capitalist: “Since 2004, $177 billion has been
invested in U.S. large-scale wind projects”.
45

Copper In Solar
Visual Capitalist: “There are approximately 5.5 T per MW
of copper in solar power systems”.
46

U.S. Solar PV
Visual Capitalist: “The cost to install solar has dropped
by more than 70% over the last decade”.
47

Copper In Energy Storage
Visual Capitalist: “Copper wiring and cabling connects
renewable power generation with energy storage devices”.
48

U.S. Energy Storage
Visual Capitalist: “Across the United States, a total of 5.8 MW
of energy storage capacity has been commissioned”.
49

Copper in Electric Vehicles
Visual Capitalist: “Electric vehicles rely heavily on
copper for the motors and charging cabling”.
50

Copper in Electric Vehicles
Visual Capitalist: “Electric vehicles rely heavily on
copper for the motors and wiring”.
51

Electric Vehicles
Visual Capitalist: “Electric vehicles are becoming more
accessible as more options enter the market”.
52

Copper And Energy Transition
Visual Capitalist: “With each energy transition comes a
new need for materials”.
53

The Switch: Energy Transition
43% potential increase in copper demand by 2035.
54

Copper Is Needed For EVs & All
Charging Infrastructure
Annual copper demand in EVs and ICE vehicles.
55

EVs & Copper Demand
EVs are expected to drive copper demand.
56

Copper Big Picture
Over the next 26 years the world is going to mine more
copper than what has been mined in all history.
57

Copper Fundamentals
Chinese copper demand to remain strong.
58

China’s Share
China’s share of world copper consumption.
59

Copper Supply Gap
Without copper projects supply gap will exceed 15Mt
by 2035.
60

New Supply Vacuum
Major copper mines starting in 2014-2019.
61

Copper Production Peaks In 2022
Planned copper projects will not meet demand.
62

“Severe Deficit”
Goldman sees “severe deficit” for copper starting
in 2023.
63

Copper Industry Meets 21st Century
It was our great-grandfathers that built today’s copper
industry.
64

Copper Industry Investment Cycles
Understanding the implications of underinvestment.
65

Copper Exploration Has Been
Increasingly Unsuccessful
Glencore: Copper mine project pipeline has more than
halved.
66

Copper Discoveries
Exploration budgets are going down and major copper
discoveries are far and few between.
67

Have We Found Everything?
The future of copper mining means grades
below 0.5% Cu Eq.
68

Copper Head Grade
Industry head grade is going lower.
69

$6 Trillion Investment In EVs
Fast roll out of infrastructure for EVs will require stable
supply of copper.
70

Commitments To EVs
There is a huge disconnect between billons $$$ invested in
electric cars and capital invested in mining.
71

Speculative Capital Has Gone Up In Smoke
Speculative capital normally allocated to junior mining
has gone up in smoke quite literally.
72

Copper Projects NPV & IRR
RFC Ambrian: Projects in the development pipeline are
highly sensitive to copper price.
73

Projects Delayed
Most of new large mining projects and expansions
delayed beyond 2023.
74

Price Shocks Are Imminent
Much higher prices for copper needed to put new
mines in production.
75

Copper Inventories
Copper inventories are significantly reduced.
76

Commodities Big Picture
Commodities radically undervalued.
77

Los Azules Copper
McEwen Mining: “Los Azules – Our Sleeping Giant"
78

The Green Energy Metals
Royalty & Gold Company.
TNR Gold Corp.
79

GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
Becoming The Green Energy Metals Royalty & Gold Company.
80

TNR Gold Business Model
We do not have to contribute any capital to
development of Los Azules Copper.
81

TNR Gold Corp. Global Assets
TNR Gold Corp. current holdings.
82

GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
Becoming The Green Energy Metals Royalty & Gold Company.
83

The Green Energy Metals Royalty Co.
TNR Gold Corp.
84

Assets – Los Azules Copper,
San Juan, Argentina
Andean Cordillera – Home to Major Copper Mines.
85

Los Azules Copper Resource
Los Azules ranks as one of the top 2 or 3 world class
deposits that are “for sale”.
86

Los Azules Copper Resource
Los Azules Copper resource contains 10.2B lb. indicated
and 19.3B lb. inferred resources.
87

Los Azules PEA
Los Azules can become 26th largest Copper mine
in the world.
88

Los Azules PEA
Los Azules projected cost of Copper production.
89

Los Azules Copper
Preliminary Economic Assessment
McEwen Mining Preliminary Economic Assessment’s
Highlights.
90

Los Azules Copper
Undiscounted NSR $35.2B
McEwen Mining PEA: Commodity Price Assumptions.
91

Los Azules Copper
Potential Value of TNR Gold’s NSR Royalty
TNR Gold holds a 0.36% NSR Royalty on the entire
Los Azules Copper project with McEwen Mining.
92

Los Azules Update
McEwen Mining’s update on Los Azules.
93

Los Azules Summary
Value-adding will continue for Los Azules
in 2019 and 2020.
94

Los Azules Copper
McEwen Mining: Los Azules – big optionality to copper
price.
95

Copper Transactions
McEwen Mining: Benchmarking Los Azules Intrinsic
value.
96

Largest Copper Projects
RFC Ambrian: 19 largest copper projects reserves and
resources.
97

The Largest Copper Projects For JVs
RFC Ambrian: 21 largest copper projects that may
require 3rd party.
98

The Largest Copper Projects For JVs
RFC Ambrian: Copper projects >5Mt which may require
3rd parties.
99

GEM Royalty Co. - TNR Gold Corp.
• Becoming The Green Energy Metals Royalty Co.
• Assets with major companies as Operators.
• Green Energy Metals: Copper and Lithium.
• TNR holds NSR Royalty on Los Azules Copper.
• TNR holds NSR Royalty on Mariana Lithium.
• TNR holds 90% stake in Shotgun Gold, Alaska.
• TNR Gold presentations on www.tnrgoldcorp.com
• All Information is available on www.sedar.com
100

Thank you!
Energy rEVolution.
The World Just Before The INTERNET.
Contact k.klip@btinternet.com
Visit www.kirillklip.blogspot.com
Follow on Twitter @kirillklipKirill Klip GEM Royalty TNR Gold
101

Kirill Klip GEM Royalty TNR Gold Copper Presentation November 2019

Recommandé

Recommandé

Contenu connexe

Tendances

Tendances (20)

Similaire à Kirill Klip GEM Royalty TNR Gold Copper Presentation November 2019

Similaire à Kirill Klip GEM Royalty TNR Gold Copper Presentation November 2019 (15)

Plus de Kirill Klip

Plus de Kirill Klip (20)

Dernier

Dernier (20)

Kirill Klip GEM Royalty TNR Gold Copper Presentation November 2019