Tesla Energy rEVolution And The Golden Age For Copper: Kirill Klip GEM Royalty TNR Gold Copper Presentation May 2019

1. Back Into The Future
Tesla Energy rEVolution: Red Metal Goes Green.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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2. Legal Disclaimer
All information about McEwen Mining and International
Lithium is presented from publicly available data.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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3. Legal Disclaimer For The US
Please read legal disclaimers. There is no investment advice in this
presentation. Always consult your qualified financial adviser.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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4. Energy rEVolution
The World Just Before The INTERNET
“Maximum Plaid” of Tesla Roadster: Elon Musk has
demonstrated the potential of Electric Cars.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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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.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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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.
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Copper May 2019
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7. Tesla In 2018
Tesla becomes “Real Car Company”
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Copper May 2019
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8. Tesla Ramping Up
Elon Musk predicts that adding the cheaper Model 3 will
boost sales this year.
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Copper May 2019
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9. China’s Electric Car Surge
China’s share of electric-vehicles sales has grown
exponentially in just a few years.
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Copper May 2019
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10. China’s Hunger For Copper
China’s Copper Raw Material Imports: 2008 – 2019.
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Copper May 2019
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11. Tesla Ahead Of The Curve
Catalyst: Elon Musk talks about cost below $100/kWh for
lithium cells in 2019 and for battery packs by 2020.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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12. Tesla Energy rEVolution
Electric Cars are coming faster than a lot of people are
anticipating it.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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13. EV Mass Adoption
EV outlooks are changing towards mass adoption.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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14. 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 Any More.
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.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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15. China’s State Grid Is
Getting Ready For 100
Million Electric Cars By
2030
Can We Reach 200 Million EVs Globally By That Time?
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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16. Tesla Comes To China
Shanghai welcomes Elon Musk and Tesla Gigafactory 3.
Transfer of technology is unavoidable.
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Copper May 2019
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17. 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.
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Copper May 2019
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18. Green Energy: Clean Equals Cheap
Catalyst: Solar and Wind Energy becomes cheaper than
coal and gas.
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Copper May 2019
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19. Renewable Energy
Renewable energy projected to account for three
quarters of global power generation by 2050.
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Copper May 2019
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20. A Golden Age For Copper
With the rise of EVs, copper demand will follow suit.
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Copper May 2019
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21. Copper Drives Electric Vehicles
Copper Development Association Inc.
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Copper May 2019
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22. The Switch:
Millions Are Switching To EVs
Each EV demands 3 times more Copper than ICE car.
Every Electric Car has 6 km of copper wires.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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23. Copper EVs Demand
An increasing amount of copper will be required to
power Tesla rEVolution.
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Copper May 2019
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24. The Switch: Energy Transition
43% potential increase in copper demand by 2035.
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Copper May 2019
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25. Copper Is Essential To EV Technology
Copper Development Association Inc.
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Copper May 2019
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26. Copper Is Needed For EVs & All
Charging Infrastructure
Copper Development Association Inc.
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Copper May 2019
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27. EVs & Copper Demand
EVs are expected to drive copper demand.
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Copper May 2019
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28. Copper Big Picture
Over the next 26 years the world is going to mine more
copper that what has been mined in all history.
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Copper May 2019
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29. Copper Fundamentals
Glencore: Resilient demand across commodities is a
continuation of a long term trend.
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Copper May 2019
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30. Copper Supply Gap
Without copper projects supply gap will exceed 15Mt
by 2035.
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Copper May 2019
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31. New Supply Vacuum
Major copper mines starting in 2014-2019.
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32. Copper Production Peaks In 2022
Planned copper projects will not meet demand.
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33. “Severe Deficit”
Goldman sees “severe deficit” for copper starting
in 2023.
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Copper May 2019
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34. Copper Exploration Has Been
Increasingly Unsuccessful
Glencore: Copper mine project pipeline has more than
halved.
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Copper May 2019
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35. Copper Discoveries
Exploration budgets are going down and major copper
discoveries are far and few between.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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36. Have We Found Everything?
The future of copper mining means grades
below 0.5% Cu Eq.
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37. Copper Head Grade
Industry head grade is going lower.
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Copper May 2019
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38. $6 Trillion Investment In EVs
Fast roll out of infrastructure for EVs will require stable
supply of copper.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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39. Commitments To EVs
There is a huge disconnect between billons $$$ invested in
electric cars and capital invested in mining.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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40. Copper Projects NPV & IRR
RFC Ambrian: Projects in the development pipeline are
highly sensitive to copper price.
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Copper May 2019
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41. Projects Delayed
Most of new large mining projects and expansions
delayed beyond 2023.
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Copper May 2019
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42. Price Shocks Are Imminent
Much higher prices for copper needed to put new
mines in production.
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43. Copper Inventories
Glencore: Copper inventories are significantly reduced.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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44. Commodity Stock Index
Commodity stocks undervalued.
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45. Los Azules Copper
McEwen Mining: “Los Azules – Our Sleeping Giant"
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46. The Green Energy Metals
Royalty & Gold
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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47. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
Becoming The Green Energy Metals Royalty Company.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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48. TNR Gold Corp. Global Assets
TNR Gold Corp. current holdings.
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Copper May 2019
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49. Argentina G20 Meeting
Argentina is back in business.
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Copper May 2019
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50. Argentina Is Back To Business
Argentina and Chile signed the protocol aimed at the
development of Los Azules Copper project.
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51. Assets – Los Azules Copper,
San Juan, Argentina
Andean Cordillera – Home to Major Copper Mines.
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Copper May 2019
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52. Los Azules Copper Resource
Los Azules ranks as one of the top 2 or 3 world class
deposits that are “for sale”.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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53. Los Azules Copper Resource
Los Azules Copper resource contains 10.2B lb. indicated
and 19.3B lb. inferred resources.
Kirill Klip GEM Royalty TNR Gold
Copper May 2019
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54. Los Azules Copper
Preliminary Economic Assessment
McEwen Mining Preliminary Economic Assessment’s
Highlights.
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Copper May 2019
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55. Los Azules Copper
Undiscounted NSR $35.2B
McEwen Mining PEA: Commodity Price Assumptions.
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Copper May 2019
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56. 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.
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Copper May 2019
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57. Los Azules PEA
Los Azules projected cost of Copper production.
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Copper May 2019
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58. Los Azules PEA
Los Azules can become 26th largest Copper mine
in the world.
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59. Los Azules Summary
Value-adding will continue for Los Azules
in 2019 and 2020.
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60. Los Azules Copper
McEwen Mining: Los Azules – big optionality to copper
price.
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61. Copper Transactions
McEwen Mining: Benchmarking Los Azules Intrinsic
value.
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62. Largest Copper Projects
RFC Ambrian: 19 largest copper projects reserves and
resources.
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63. The Largest Copper Projects For JVs
RFC Ambrian: 21 largest copper projects that may
require 3rd party.
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64. The Largest Copper Projects For JVs
RFC Ambrian: Copper projects >5Mt which may require
3rd parties.
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65. 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
Copper May 2019
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66. Thank you!
Energy rEVolution.
The World Just Before The INTERNET.
Follow @KirillKlip
Visit www.kirillklip.blogspot.com
Contact k.klip@btinternet.com
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Copper May 2019
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