Here we highlight one such stock, TNR Gold Corp.
Still a penny stock, TNR Gold Corp (TSX-TNR) (currently trading at .18 cents share) is certainly a speculative stock. Having said that, I believe TNR is a sleeper in the junior mining space.
The consolidation and M & A activity over the next year, in the junior mining space, coupled with the drive for copper, gold, lithium and Rare Earth properties, by the larger players in those spaces, makes TNR a juicy morsel, if you are so inclined to speculate (which we have - long TNR)
(Below -Mariana Lithium Project, Salta, Argentina )
El Tapau
El Salto
Los Azules
Batidero
La Ortiguita
La Carolina
Las Carach
This from the company:
Our primary focus in Argentina is the exploration and development of three key projects in Argentina: Mariana, El Salto, and El Tapau. We continue to explore our other properties while identifying new quality prospective projects. TNR will strengthen its assets through partnerships with mid-tier and major companies, and establish long-term cash flow through royalty interests and project development.
The Mariana project is a lithium salar in the Salta province of Argentina with good infrastructures and accessible year round. TNR owns the entire salar which presents an unique advantage over several other lithium companies in the area sharing salars with others. Initial sampling and hydrogeology studies have been completed and exploration drilling will be underway in 2010 to work towards a resource estimate.
TNR will be spinning off lithium and rare metals projects into International Lithium. The Company has received TSX Exchange approval, shareholder approval, and will be listing International Lithium on the TSX Venture as soon as the minimum expenditure of $2.5 million has been raised.
El Salto and El Tapau are strategically situated 50km apart and both have year-round access. El Salto is a Copper-Gold-Molybdenum system that appears to be part of a series of porphyry systems known as the "Yellow Belt" district of San Juan. TNR's 10,500m drilling program is currently under way at El Salto. El Tapau is a Copper Gold target. Systematic rock chip samples over an area 600 metres by 400 metres uncovered gold values as high as 19 g/t, with an average value of 2.2 g/t. The 2008 Program for El Tapau included detailed geological mapping, systematic rock sampling, geophysical IP Survey, trenching, and the Phase One 3,000m Drill Program.
In Argentina, TNR Gold Corp's holdings are held under the wholly-owned subsidiary Solitario Argentina S. A. ("Solitario").
TNR also has two large projects in Alaska - Shotgun and Iliamna. Shotgun hosts a million ounces of historic gold deposit, while Iliamna is an early-stage exploration project divested from BHP Billiton showing geological similarities to the nearby Pebble Deposit, approximately 50km away.
TNR also has promising properties in:
El Salto
Los Azules
Batidero
La Ortiguita
La Carolina
Las Carach
This from the company:
Our primary focus in Argentina is the exploration and development of three key projects in Argentina: Mariana, El Salto, and El Tapau. We continue to explore our other properties while identifying new quality prospective projects. TNR will strengthen its assets through partnerships with mid-tier and major companies, and establish long-term cash flow through royalty interests and project development.
The Mariana project is a lithium salar in the Salta province of Argentina with good infrastructures and accessible year round. TNR owns the entire salar which presents an unique advantage over several other lithium companies in the area sharing salars with others. Initial sampling and hydrogeology studies have been completed and exploration drilling will be underway in 2010 to work towards a resource estimate.
TNR will be spinning off lithium and rare metals projects into International Lithium. The Company has received TSX Exchange approval, shareholder approval, and will be listing International Lithium on the TSX Venture as soon as the minimum expenditure of $2.5 million has been raised.
El Salto and El Tapau are strategically situated 50km apart and both have year-round access. El Salto is a Copper-Gold-Molybdenum system that appears to be part of a series of porphyry systems known as the "Yellow Belt" district of San Juan. TNR's 10,500m drilling program is currently under way at El Salto. El Tapau is a Copper Gold target. Systematic rock chip samples over an area 600 metres by 400 metres uncovered gold values as high as 19 g/t, with an average value of 2.2 g/t. The 2008 Program for El Tapau included detailed geological mapping, systematic rock sampling, geophysical IP Survey, trenching, and the Phase One 3,000m Drill Program.
In Argentina, TNR Gold Corp's holdings are held under the wholly-owned subsidiary Solitario Argentina S. A. ("Solitario").
TNR also has two large projects in Alaska - Shotgun and Iliamna. Shotgun hosts a million ounces of historic gold deposit, while Iliamna is an early-stage exploration project divested from BHP Billiton showing geological similarities to the nearby Pebble Deposit, approximately 50km away.TNR also has promising properties in:
Canada
See below
USA
see below
Ireland
see below
Of significance for TNR, and for investors, is TNRs propensity to seek out promising properties in a number of precious metals such as Gold and Silver, as well as copper which are all in demand.
Their Lithium and rare earth properties are certainly well positioned to take advantage of the second leg of the lithium boom which is still in its infancy.
The fact that TNR is spinning off a wholly owned subsidiary to develop its new gold property at Shotgun Ridge, Alaska (Amerigold Inc formerly Briston Explorations Inc.) is another indication that TNR intends to increase shareholder value. (Subsidiaries can be acquired by larger players who may be interested in the property)
Another case in point is TNRs spinning off of International Lithium Corp (ILC) to increase shareholder value in its lithium properties in Argentina (lithium brine properties) and in Nevada (lithium clay properties).
Shareholders will actually own this company if they already hold TNR shares as TNR will issue 1 share and 1 warrant of ILC for every 4 shares of TNR stock held by shareholders at the time of the spinnoff (which is somewhat behind schedule at this writing, but expected early in the New Year).
Fish Lake Valley,
Mud Lake
and Sarcobus Flats.
They are all good prospects for lithium extraction.
TNR also has a large, lithium pegmatite property in Leinster, Ireland as well as 5 lithium and Rare Earth properties in Canada which also show great promise.
The Canadian properties are at: Mavis Lake, Moose 2, Big Beaverhouse, Niemi Lake, and Forgan Lake.
.
TNR Gold has 8 mining claims and projects in three provinces of Argentina, operated by TNR's wholly-owned subsidiary, Solitario Argentina S. A. ("Solitario") (See above)
TNR's Eureka project is located in the Jujuy province while the others are located in San Juan and San Luis provinces. The map does not really do justice to the large gold and copper stakes owned by TNR and operated by SAS.
Here is an excerpt from a recent interview with Mike Seib, the Chief Operating Officer (COO) of TNR Gold Corp: with TWST:
-Q. What would compel an investor to review TNR
Gold and include it not only as part of his or her current portfolio,
but as part of a longer-term investment strategy?
Mr. Sieb: It’s increased valuation. The current restructuring
we’re undergoing right now will have a direct result in the
marketplace. We’re basically unlocking the value. Currently, with
one company, one entity with a multitude of projects, you don’t realize
the underlying value of the myriad of projects in the company,
and the complexity does not translate very well to the marketplace
or the shareholder. The current restructuring that we’re undertaking,
whereby we are setting up individually focused management teams
that are focused on fund-raising, exploration and advancement of
our various property portfolios into specific packages, will provide
direct benefits. I believe it’s going to very readily result in an unlocking
of our current value, and we’re going to be able to move not
only this company forward, but the companies that are derived or
get spun out of TNR Gold Corp.-
TNR Gold Corp trades on the Toronto Venture Exchange, (TSX.v) under the symbol TNR.
It also trades in the U.S. (pink sheets) under the symbol TRRXF.
For more information, you can visit their website at:
TNRGoldCorp.com
Stock price: .18c
Market cap 22.6m
Shares outstanding 129.1m
News:
TNR increases Rare Earth holdings in Canada
Related Articles:
Lithium, Copper, Gold and REEs in one penny stock
Lithium demand will increase four fold by 2017
Junior Gold miners set to sparkle
2 comments:
Hi HP.
I been adding more of TLH lately. I now have 4500 shares bought in at the early 5s. I be thinking of diversifying to also include CLQ and ORL. Where do you see them on the podium in terms of price appreciation in next yr and how much have they brought their businesses to be in production in near future? I get a feeling these two have more potential to grow as JRs.
I currently don't own either one, however I am still doing some DD on them and watching the share price.
Considering them on the dips.
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