WSJ: Acquisitions Signal a Turning Market for MinersCanadian Junior TNR Gold Holds Back-In Right Into One of the Largest Copper Deposits in the World
For junior and mid-tier companies, First Quantum Mineral's recent acquisition of Argentina-focused Lumina Copper Corp. is a leading indicator.
Like Lumina Copper Corp., Vancouver-based junior exploration company TNR Gold Corp. (TSX-V:TNR) is also well-positioned for the copper turnaround. The company secured interests near the Andean Copper Belts in Argentina and holds a claim to the Los Azules project. After a lengthy legal battle between TNR and McEwen, TNR was granted a back-in right to Los Azules in November 2012. The right is exercisable following the completion of a feasibility study and allows TNR to back-in for 25% of the northern part of the property, which McEwen said contains the largest share of the known resource.
The advantage for TNR is that it doesn't assume any risks for Los Azules, nor does it need to raise any funds until a feasibility study is complete.
https://online.wsj.com/article/PR-CO-20140828-913303.html#