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Kirill Klip GEM Royalty TNR Gold Presentation May 2020

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Gold In The USA, Alaskan Elephant Country: Kirill Klip GEM Royalty TNR Gold Presentation May 2020

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Kirill Klip GEM Royalty TNR Gold Presentation May 2020

  1. 1. Gold Gold in The USA: Solid Values In Uncertain Times. Kirill Klip GEM Royalty TNR Gold May 2020 1
  2. 2. Legal Disclaimer All information about NOVAGOLD, McEwen Mining, Ganfeng Lithium and International Lithium is presented using publicly available data. Kirill Klip GEM Royalty TNR Gold May 2020 2
  3. 3. Legal Disclaimer For The US Please read legal disclaimers. There is no investment advice in this presentation. Always consult your qualified financial adviser before investment decisions. Kirill Klip GEM Royalty TNR Gold May 2020 3
  4. 4. The Green Energy Metals Royalty & Gold Company. TNR Gold Corp. Kirill Klip GEM Royalty TNR Gold May 2020 4
  5. 5. Gold Is The Ultimate Hedge Gold has confirmed one more time its status as “The Ultimate Hedge” during CoronaVirus pandemic shock. Kirill Klip GEM Royalty TNR Gold May 2020 5
  6. 6. Gold After Margin Calls Gold has reached new highs in 2020 even after forced selling covering margin calls after Double Black Monday 2020 Crash. Kirill Klip GEM Royalty TNR Gold May 2020 6
  7. 7. Gold New Highs 2020 Gold has reached new highs in 2020 even when the major Gold market in the world was literally shut down. Kirill Klip GEM Royalty TNR Gold May 2020 7
  8. 8. Record World Debt World debt hit record $247 Trillion early 2018 and was already much higher than before The Great Recession of 2008. Kirill Klip GEM Royalty TNR Gold May 2020 8
  9. 9. Record Global Debt Global debt hit record $255 Trillion early 2020 and is much higher than before The Great Recession of 2008. Kirill Klip GEM Royalty TNR Gold May 2020 9
  10. 10. Record Government Debt Government debt has doubled to $70 Trillion since the 2008 crisis; pandemic response will drive that higher still. Kirill Klip GEM Royalty TNR Gold May 2020 10
  11. 11. Debt Projections Debt projection exceeds economic output in the US. Kirill Klip GEM Royalty TNR Gold May 2020 11
  12. 12. US National Debt 116% Of GDP US National Debt exceeded economic output in the US. Kirill Klip GEM Royalty TNR Gold May 2020 12
  13. 13. The U.S. National Debt - $25 Trillion The U.S. national debt has surpassed $25 Trillion. Kirill Klip GEM Royalty TNR Gold May 2020 13
  14. 14. The U.S. National Debt - $25 Trillion The U.S. national debt passed $25 Trillion, spiked $1.5 Trillion in 6 weeks. Kirill Klip GEM Royalty TNR Gold May 2020 14
  15. 15. US Dollar Purchasing power of the consumer dollar. Kirill Klip GEM Royalty TNR Gold May 2020 15
  16. 16. The Rise And Fall Of The US Dollar Purchasing power of the consumer dollar. Kirill Klip GEM Royalty TNR Gold May 2020 16
  17. 17. FED Easing And US Dollar Unprecedented FED easing implies a sharply weaker dollar. Kirill Klip GEM Royalty TNR Gold May 2020 17
  18. 18. U.S. Dollar In Reserves U.S. Dollar’s share of official global reserves declines further. Kirill Klip GEM Royalty TNR Gold May 2020 18
  19. 19. Gold vs Stocks Gold has outperformed the stock market from 1998. Kirill Klip GEM Royalty TNR Gold May 2020 19
  20. 20. Gold vs S&P 500 The price of Gold has crushed the market so far in the 21st century. Kirill Klip GEM Royalty TNR Gold May 2020 20
  21. 21. Gold vs Warren Buffett Gold has outperformed Warren Buffett for the last 20 years Gold +532% - BRK +322%. Kirill Klip GEM Royalty TNR Gold May 2020 21
  22. 22. The “Third Great Bull Market” Is Gold setting up for the “Third Great Bull Market”? Yes. Kirill Klip GEM Royalty TNR Gold May 2020 22
  23. 23. Gold Price 1971 - 2019 Gold in US $ 1971 - 2019 from - $35 to $1,515 - up 43X. Kirill Klip GEM Royalty TNR Gold May 2020 23
  24. 24. Central Banks Buying Gold Central Bank demand is the highest since Nixon closed the Gold window. Kirill Klip GEM Royalty TNR Gold May 2020 24
  25. 25. Central Banks Buying Gold Central Banks were net buyers for a tenth consecutive year. Kirill Klip GEM Royalty TNR Gold May 2020 25
  26. 26. Central Banks Buying Gold Central Banks bought more Gold than ever in 2019. Kirill Klip GEM Royalty TNR Gold May 2020 26
  27. 27. Growing Central Bank Demand Gold purchases by Central Banks in 2020. Kirill Klip GEM Royalty TNR Gold May 2020 27
  28. 28. Gold’s Rallies And Slumps Rick Mills: Gold’s rallies and slumps. Kirill Klip GEM Royalty TNR Gold May 2020 28
  29. 29. Growing Gold Demand Bank of America forecasts Gold to hit record $3,000. Kirill Klip GEM Royalty TNR Gold May 2020 29
  30. 30. Modeled Gold Price Chris Rutherglen: Modeled Gold price by scaling to the increase in the US Money Supply $3,670. Kirill Klip GEM Royalty TNR Gold May 2020 30
  31. 31. How High Can Gold Go? Could we see $25,000 Gold by 2049? Kirill Klip GEM Royalty TNR Gold May 2020 31
  32. 32. China Sells USTs & Buys Gold Trade Wars: China’s holdings of USTs fall to lowest since May 2017. Kirill Klip GEM Royalty TNR Gold May 2020 32
  33. 33. China Gold Reserves Growth China buys more Gold during Trade Wars. Kirill Klip GEM Royalty TNR Gold May 2020 33
  34. 34. Long Gold In CNY – Breakout. Crescat Capital: Long Gold in CNY terms and short global stocks. Kirill Klip GEM Royalty TNR Gold May 2020 34
  35. 35. Gold In Equity Portfolios Investors increasing allocations to Gold will be driving demand side for this Bull Market. Kirill Klip GEM Royalty TNR Gold May 2020 35
  36. 36. Investors Sell USTs & Buy Gold World Gold Holdings vs Treasury Holdings in 2020. Kirill Klip GEM Royalty TNR Gold May 2020 36
  37. 37. Millennials Were Chasing Crypto Bubbles “Gold 2.0” - The demographic situation was not helping: “Gold Bugs” were facing extinction. Kirill Klip GEM Royalty TNR Gold May 2020 37
  38. 38. Millennials Are Still Chasing Crypto Bubbles There is NO “Gold 2.0”: Hype is over - bitcoin failed to act the hedge during the crises. Kirill Klip GEM Royalty TNR Gold May 2020 38
  39. 39. Bitcoin Store Of Value? Black Holes of scams are sucking out all positive energy out of Crypto Universe. Kirill Klip GEM Royalty TNR Gold May 2020 39
  40. 40. Gold vs Bitcoin Gold has acted as the safe heaven during August 2019 market sell off and bitcoin failed to do so. Kirill Klip GEM Royalty TNR Gold May 2020 40
  41. 41. Gold vs Bitcoin Gold has acted as the safe heaven during Double Black Monday 2020 market crash and bitcoin failed to do so. Kirill Klip GEM Royalty TNR Gold May 2020 41
  42. 42. Millennials Are Still Chasing Crypto Bubbles There is no “Gold 2.0” – bitcoin failed to act as a hedge and “noncorrelated asset”. Kirill Klip GEM Royalty TNR Gold May 2020 42
  43. 43. Millennials Are Still Chasing Crypto Bubbles There is NO “Gold 2.0” – bitcoin failed to act as a hedge and “noncorrelated asset”. Kirill Klip GEM Royalty TNR Gold May 2020 43
  44. 44. Gold And Negative Real Rates Incrementum: Gold was driven by negative real rates to all-time high in the U.S. dollars in 2011. Kirill Klip GEM Royalty TNR Gold May 2020 44
  45. 45. Gold And Negative Real Rates Negative real interest rates are a perfect environment for Gold. Kirill Klip GEM Royalty TNR Gold May 2020 45
  46. 46. Gold And Negative Yielding Debt Gold has been mocked for years for its lack of yield. Kirill Klip GEM Royalty TNR Gold May 2020 46
  47. 47. Gold All-Time Highs Gold has hit all-time highs in multiple currencies. Kirill Klip GEM Royalty TNR Gold May 2020 47
  48. 48. Gold All-Time Highs NorthStar: Gold has hit all-time high in Euro. Kirill Klip GEM Royalty TNR Gold May 2020 48
  49. 49. FED Balance Sheet FED has expanded balance sheet to $7 Trillion fighting The Great Depression 2.0 Kirill Klip GEM Royalty TNR Gold May 2020 49
  50. 50. Central Banks Interest Rates All Central Banks cut interest rates fighting The Great Depression 2.0 Kirill Klip GEM Royalty TNR Gold May 2020 50
  51. 51. Gold ETF ETF holding of Gold is growing at record pace in 2020. Kirill Klip GEM Royalty TNR Gold May 2020 51
  52. 52. Gold Stocks Gold mining stocks were vastly undervalued relative to broader equity markets. Kirill Klip GEM Royalty TNR Gold May 2020 52
  53. 53. Gold Mining Stocks The oldest Gold mining stocks index by Barron's shows the extreme historical undervaluation. Kirill Klip GEM Royalty TNR Gold May 2020 53
  54. 54. Gold Mining Stocks Crescat Capital: Gold mining stocks are still incredibly undervalued relative to broader equities and Gold. Kirill Klip GEM Royalty TNR Gold May 2020 54
  55. 55. Gold Mining Stocks Crescat Capital: Gold and Gold mining stocks after yield curve inversions. Kirill Klip GEM Royalty TNR Gold May 2020 55
  56. 56. The Switch: BANG vs FANG Gold miners - BANG stocks. Kirill Klip GEM Royalty TNR Gold May 2020 56
  57. 57. Longest And Deepest Bear McEwen: Gold equities are breaking out from the “Longest and Deepest Bear” market. Kirill Klip GEM Royalty TNR Gold May 2020 57
  58. 58. Gold Equities Bull Markets McEwen: Gold equities Bull Markets over the past 77 years. Kirill Klip GEM Royalty TNR Gold May 2020 58
  59. 59. Gold: The Trend Is Up! McEwen: Gold, the trend is up - targets are big! Kirill Klip GEM Royalty TNR Gold May 2020 59
  60. 60. Peak Gold Frank Holmes: Output from the world’s Gold mines will top out in 2020 before declining. Kirill Klip GEM Royalty TNR Gold May 2020 60
  61. 61. Industry-wide Decline Gold production from existing mines could fall sharply post 2020 onwards. Kirill Klip GEM Royalty TNR Gold May 2020 61
  62. 62. Gold Reserves Reserves by major Gold companies have declined 26% from 2012 and are now below 2007 levels. Kirill Klip GEM Royalty TNR Gold May 2020 62
  63. 63. Gold Discoveries Annual exploration budgets vs Gold discoveries. Kirill Klip GEM Royalty TNR Gold May 2020 63
  64. 64. Exploration Budgets Global Gold exploration budgets are still a long way off their 2012 peak. Kirill Klip GEM Royalty TNR Gold May 2020 64
  65. 65. Gold M&A vs Exploration Gold M&A is cheaper and more certain than exploration. Kirill Klip GEM Royalty TNR Gold May 2020 65
  66. 66. Gold Enterprise Valuation Curves Enterprise Valuation per oz of resource for exploration companies is rising. Kirill Klip GEM Royalty TNR Gold May 2020 66
  67. 67. Gold Enterprise Valuations Enterprise Valuations per oz of resource for exploration, development and production companies. Kirill Klip GEM Royalty TNR Gold May 2020 67
  68. 68. Where Do You Look For Elephants? TNR Gold Shotgun Gold project is located in Alaskan “Elephant Country”. Kirill Klip GEM Royalty TNR Gold May 2020 68
  69. 69. TNR Gold Corp. Shotgun Gold project, Alaska. Kirill Klip GEM Royalty TNR Gold May 2020 69
  70. 70. The Shotgun Gold Project Shotgun Gold is located in Donlin Gold Mining District, South-West Alaska. Kirill Klip GEM Royalty TNR Gold May 2020 70
  71. 71. The Shotgun Gold Project Shotgun Gold is located in Donlin Gold Mining District, South-West Alaska. Kirill Klip GEM Royalty TNR Gold May 2020 71
  72. 72. The Shotgun Gold Project TNR Gold strategy with Shotgun Gold. Kirill Klip GEM Royalty TNR Gold May 2020 72
  73. 73. Alaska A World-class Jurisdiction Leverage in a place where you can keep the rewards. Kirill Klip GEM Royalty TNR Gold May 2020 73
  74. 74. Alaska’s Appeal At a time of extreme geopolitical uncertainty, Alaska is welcoming new responsible development. Kirill Klip GEM Royalty TNR Gold May 2020 74
  75. 75. Gold In The USA Donlin Gold: strong support for responsible mining and development in Alaska. Kirill Klip GEM Royalty TNR Gold May 2020 75
  76. 76. Decline In Gold Discoveries Gold mine supply is set to decline after years of increases. Kirill Klip GEM Royalty TNR Gold May 2020 76
  77. 77. Alaska’s Donlin Gold Donlin Gold: One of the few large projects in a safe jurisdiction. Kirill Klip GEM Royalty TNR Gold May 2020 77
  78. 78. Donlin Gold Federal Permit Donlin Gold: key project milestone achieved. Kirill Klip GEM Royalty TNR Gold May 2020 78
  79. 79. Donlin Gold Permitting Donlin Gold: key project milestones achieved. Kirill Klip GEM Royalty TNR Gold May 2020 79
  80. 80. Donlin Gold Infrastructure Barrick Gold and NOVAGOLD are developing Donlin Gold and opening new Mining District in the U.S. Kirill Klip GEM Royalty TNR Gold May 2020 80
  81. 81. Gold Elephant In Alaska One of the largest and highest-grade known open-pit gold development projects in the world. Kirill Klip GEM Royalty TNR Gold May 2020 81
  82. 82. Donlin Gold, Alaska One of few federally-permitted undeveloped assets in North America. Kirill Klip GEM Royalty TNR Gold May 2020 82
  83. 83. Gold Elephant In The USA Donlin Gold: development projects of similar size are scarce. Development of major gold mining camp. Kirill Klip GEM Royalty TNR Gold May 2020 83
  84. 84. New Gold Camp In The USA Donlin Gold in Alaska could be one of the industry’s top producing assets. Kirill Klip GEM Royalty TNR Gold May 2020 84
  85. 85. The Shotgun Gold Project Exploration history of Shotgun Gold project in Alaska. Kirill Klip GEM Royalty TNR Gold May 2020 85
  86. 86. Regional Geologic Environment Region is truly unique “Elephant Country” for large scale gold deposits. Kirill Klip GEM Royalty TNR Gold May 2020 86
  87. 87. Shotgun Gold Geology Predominantly underlain by Cretaceous sediments of the Kuskokwin Group. Kirill Klip GEM Royalty TNR Gold May 2020 87
  88. 88. Shotgun Gold Mineralization Shotgun Gold: the same age rocks and geological signature appear to resemble Donlin Gold mineralization. Kirill Klip GEM Royalty TNR Gold May 2020 88
  89. 89. Shotgun Ridge Shotgun Ridge - mineralized intervals. Kirill Klip GEM Royalty TNR Gold May 2020 89
  90. 90. Shotgun Ridge Drilling Shotgun Ridge - drill holes plan view. Kirill Klip GEM Royalty TNR Gold May 2020 90
  91. 91. Shotgun Ridge Shotgun Ridge - resource model cross-section A-A’ Kirill Klip GEM Royalty TNR Gold May 2020 91
  92. 92. The Shotgun Project The Shotgun Project - mineral resource. Kirill Klip GEM Royalty TNR Gold May 2020 92
  93. 93. Understanding Potential Targets Shotgun Ridge alone shows potential to host multiple closely spaced gold deposits. Kirill Klip GEM Royalty TNR Gold May 2020 93
  94. 94. Typical Porphyry System Magnetic image shows “ring structure” typical of porphyry systems. Kirill Klip GEM Royalty TNR Gold May 2020 94
  95. 95. Area Of Defined Resource Multiple areas with similar structural and magnetic character are untested by drilling. Kirill Klip GEM Royalty TNR Gold May 2020 95
  96. 96. Chargeability Model Only one chargeability target is tested by drilling and it is mineralized. Kirill Klip GEM Royalty TNR Gold May 2020 96
  97. 97. Shotgun Ridge Geophysics The Shotgun Gold project – geophysics cross section. Kirill Klip GEM Royalty TNR Gold May 2020 97
  98. 98. Shotgun Ridge Geophysics Mineralization plotted down hole over 3D chargeability model. Kirill Klip GEM Royalty TNR Gold May 2020 98
  99. 99. Shotgun Ridge Potential Shotgun Ridge has untested structural intersections that may host significant Gold deposits. Kirill Klip GEM Royalty TNR Gold May 2020 99
  100. 100. The Shotgun Gold Opportunity Shotgun Ridge is just one of multiple gold target areas. Kirill Klip GEM Royalty TNR Gold May 2020 100
  101. 101. Shotgun Ridge Shotgun Ridge - inferred resource estimate. Kirill Klip GEM Royalty TNR Gold May 2020 101
  102. 102. Strategic Partner - Gold In The USA TNR Gold is looking for strategic partner to unlock the potential of Shotgun Gold development. Kirill Klip GEM Royalty TNR Gold May 2020 102
  103. 103. GEM Royalty Portfolio • 0.36% NSR Royalty on the entire Los Azules, Argentina – one of the largest Copper projects under McEwen Mining management. • 1.8% NSR Royalty on the Mariana Lithium, Argentina – lithium brine project under Ganfeng Lithium management. • 90% Shotgun Gold project, Alaska. Gold in the USA Elephant Country - Donlin Gold mining district being developed by Barrick Gold and Nova Gold. Kirill Klip GEM Royalty TNR Gold May 2020 103
  104. 104. 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 Kirill Klip GEM Royalty TNR Gold May 2020 104
  105. 105. Thank you! Energy rEVolution & Gold. 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 May 2020 105

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