Mining M&A in Latin America, China And Prospects For Copper Yet as copper gained ground, hitting a four month high at the beginning of July (London Metal Exchange) and peaking just above US $3.25/lb, many analysts had to re-rate their copper valuations, which were largely based on overblown fears of a dropping demand from China, it being the world’s largest base metal consumer. In actuality, Chinese copper demand continued to rise while the refined copper market ran into a deficit.
With revived interest in the commodity and that of the copper rich area,
TNR Gold Corp. holds rights into the next obvious valuable asset for potential prospectors. The company retains a back-in right to northern part
of Los Azules in San Juan, one of the largest undeveloped copper deposits in the world, currently owned and operated by McEwen Mining.
The back-in right is exercisable following the completion of a feasibility study and allows TNR to back-in for 25% of the northern part of the Los Azules property, which McEwen stated contains the largest share of the known resource at Los Azules. TNR’s advantage in this deal is that it does not assume any risks, nor does it need to raise any funds until a feasibility study is complete – which typically costs companies between $80-100 million. TNR has engaged PI Financial Corp., a leading independent investment dealer, to help market and sell TNR’s interest in this world-class, early-stage copper asset.
https://kirillklip.blogspot.co.uk/2014/07/mining-m-in-latin-america-china-and.html