Friday, December 31, 2010

Happy New Year 2011! Go Electric - Let's the magic happen!

We can make it the year of Electric Cars!

There is magic, but you have to be the magician. You have to make the magic happen.

Wednesday, December 29, 2010

Energy Storage: 20MW Lithium-Ion Battery Storage System For New York tnr.v, czx.v, rm.v, lmr.v, alk.ax, sqm, fmc, clq.v, wlc.v, tsla, li.v, lit, nsany, rno.pa, bmw, f, gm, avl.to, ree, res.v, quc.v, dai, byddf


 Energy storage systems based on Lithium batteries will be another very important source of demand for Lithium. They will allow the integration of different sources of energy into the smart grid systems: like solar, wind and existing generation plants. With more and more EVs on the streets we can start to talk about Car to Grid technology as well, when smart grid can talk to the EVs and use the energy from the EV battery during peak hours when electric cars are parked at the office and charge the EV from Energy Storage facility at night. Energy storage can be charge during the day using solar and wind power among other sources of energy in this scheme.





by Energy Matters
Lithium Ion Battery Energy Storage System
U.S. Energy Secretary Steven Chu last week announced the finalising of a USD $17.1 million loan guarantee to support the construction of a 20 megawatt (MW) energy storage system using advanced lithium-ion batteries.

Located in Johnson City, New York, the AES project will improve stability for the associated mains power grid and reduce carbon emissions by allowing for more renewable energy sources like wind and solar power.

"Bringing more efficiency and reliability to the grid will help cut costs for consumers and power a cleaner energy future", said Secretary Chu.

Grid frequency regulation is needed to balance power generation and consumption and is usually maintained by burning additional fossil fuels such as coal at power plants. Power plants become very inefficient when power output rapidly ramps in response to short-term variation in power demand. Up to 7% of the USA's electricity generating capacity is set aside to provide grid stability.

The AES project instead uses battery technology and new software that will provide the same regulation at a lower price.
 
The AES project will include advanced lithium-ion battery cells from A123 Systems, Inc.  The company says its Smart Grid Stabilization System (SGSS) can respond in milliseconds compared to power plants which can take minutes to respond to a call to vary their power output. The system frees up plant capacity to enable a power company to focus on the primary function of baseload electricity generation.
  
A123 Systems says independent third party studies have found high-efficiency energy storage systems, such as the SGSS, for frequency regulation can reduce the associated emissions of carbon dioxide, sulphur dioxide and nitrous oxide by as much as 80% over traditional power plant ancillary services.


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Tuesday, December 28, 2010

Scientific American: How Much Is Left? The Limits of Earth's Resources tnr.v, czx.v, rm.v, lmr.v, alk.ax, sqm, fmc, clq.v, wlc.v, tsla, li.v, lit, nsany, rno.pa, bmw, f, gm, avl.to, ree, res.v, quc.v, dai, byddf



 This presentation shows the basis for our investment trends analyses, which we have provided a few weeks ago. In short, you can always print any FIAT currency, including US Dollar, but you can not print Oil or   Copper.






The art of modern economics turns into the pure magic now: how to make it enough for everybody, when there is not enough left.


We are hitting Peak of Everything.



  It is time for a reflection point today: we will post some charts, some quotes from our previous articles and you can draw your own conclusions as usual.

  The basis for our weekend university will be our article from September 6th, 2010.

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Monday, December 27, 2010

Lithium Drive: Rise of the electric car? tnr.v, czx.v, rm.v, lmr.v, alk.ax, sqm, fmc, clq.v, wlc.v, tsla, li.v, lit, nsany, rno.pa, bmw, f, gm, avl.to, ree, res.v, quc.v, dai, byddf





"We will not join those who suggest to panic - that time has come in 2008 and is gone already - it is too late to panic. We need to put all resources together and move forward like China is doing now.
  GE with its purchase of 25000 Electric Cars is the first, but very important step in electric cars mass market creation.
  There is a technology available to us to preserve our way of life: Electric Cars - any shortcomings like price, range and others, written and posted on every corner by mass media under the light from the Kerosine lamps - will be nothing compare to Oil Shock and the matter of survival with Oil price above 100 USD/barrel again. Technology will deal with a lot of things: battery price, range, safety - Nissan Leaf and GM Volt are already on the streets today! U.S. grid, which needs modernisation by all means, even in its today's state can support recharging of 50 million EVs overnight. Start-Ups like DBM Energy from Germany can move our expectations from Lithium technology further even today - what would you say about 375 mile rage on one charge?"

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Sunday, December 26, 2010

Lithium and REE, Gold and Copper: TNR Gold Corporate Update tnr.v, czx.v, rm.v, lmr.v, alk.ax, sqm, fmc, clq.v, wlc.v, tsla, li.v, lit, nsany, rno.pa, bmw, f, gm, avl.to, ree, res.v, quc.v, dai, byddf




2010-12-23 11:45 ET - News Release
Ms. Karyn Legg reports
EARLY WARNING REPORT DECEMBER 23, 2010
On Dec. 21, 2010, Kirill Klip acquired 3.28 million common shares at a price of 10 cents in the capital of TNR Gold Corp. through the exercise of 3.28 million warrants previously issued to Mr. Klip on Feb. 18, 2010. The warrant shares represent approximately 2.37 per cent of the outstanding common shares of TNR. After giving effect to the issuance of the warrant shares, Mr. Klip now holds, directly or indirectly, a total of 26.15 million common shares, 2.5 million warrants and 1.6 million stock options. As at Dec. 21, 2010, TNR had 137,901,447 common shares outstanding, of which Mr. Klip owned, or exercised control or direction, a 21.30-per-cent interest, assuming exercise of all of the foregoing warrants and stock options. The warrant shares of TNR were acquired by Mr. Klip for investment purposes. Subject to availability, price, the general state of the capital markets and the financial condition of TNR from time to time, Mr. Klip may purchase or sell securities of TNR.



TNR Gold

December 23, 2010

Vancouver B.C.: TNR Gold Corp. ("TNR" or the "Company") is pleased to provide a summary and review of the corporate highlights reported in 2010 and the anticipated milestones to watch for in 2011.

In 2010, TNR focused on unlocking the value of the enterprise through identifying the critical business units within TNR, reorganizing the corporate structure to support the divisions as individual sustainable corporate entities and laying the foundation for the achievement of their potential.


The bulk of the effort was provided to TNR's wholly owned rare metals' focused subsidiary, International Lithium Corp. ("ILC") to capitalize on the burgeoning lithium sector and the advent of the electric vehicle. Nine of TNR's 18 active projects will be assigned to ILC upon completion of a plan of arrangement that will see ILC spun out of TNR, fully funded and listed on the TSX Venture Exchange. This year promises to be very exciting with an aggressive field season planned and the anticipation of advancing a few of ILC's premier projects.

The Mariana lithium brine project in Argentina, covering an expansive 160 square kilometres, revealed highly compelling geochemistry from a cursory investigation, reporting average grades of 440 mg/l lithium and 12,700 mg/l potassium. The potassium levels were unexpected and represent one of the highest grades comparative to any of the neighbouring salars outside of the world class operation on the Atacama salar. In early 2011, the phase 1 drill program is planned to target and isolate separate brine horizons for a first-time representative characterization of the subsurface brine geochemistry. Subsequent drilling will continue to delineate and add to the confidence level of the geochemistry of the subsurface brine pool with an Inferred Resource estimate targeted for the end of the year.

The Mariana project is expected to experience the most rapid advancement of any of the projects within the current TNR portfolio.

ILC holds three additional lithium brine properties in Nevada (Fish Lake, Runway1 and Sarcobatus Flats) located in adjacent valleys to the Silver Peak operation in Clayton Valley, the sole lithium brine producer in North America which has been in operation since 1966. This past year, in an integrated regional lithium exploration approach using geochemical and basin modeling utilizing a detailed gravity survey, ILC identified multiple drill targets across all three properties. These targets exhibit analogous geological features which provided both a source and trap for the lithium brines currently extracted at Silver Peak. In the first half of 2011 ILC is planning to mobilize a drill to all three properties, target the lithium brine aquifers within the stratigraphy and test their viability.
We consider the Nevada region as highly strategic, possessing excellent opportunity and significant potential, which may well become a centerpiece in ILC as the story unfolds.

ILC's property portfolio is well balanced by a number of highly prospective rare metals' hard-rock pegmatite projects that have been painstakingly selected by ILC's technical experts under stringent guidelines. The key outstanding characteristics shared by all the rare metals' projects are their underexplored nature, excellent accessibility, under-analyzed rare metals' history, initial high confidence level that additional exploration will add project value and ultimately the potential to develop the projects to address the global technological growth in demand for the rare metals' suite of elements.

Highlighting these rare metals' projects is the Moose property located near the shore of Great Slave Lake in the NWT was a minor lithium and tantalum producer in the 1950's with reported production of 119 tonnes of lithium ore and an estimated 4,409 tonnes of high grade tantalum-niobium ore. The surficial area is disturbed from the historic mining activity with the 2010 exploration program limited as to exposure, however a channel sample returned 1.50 wt% Li2O over 7.5 metres confirming the continuity of high grade lithium across substantial widths within the pegmatite and a muck pile returned 8.44 wt% Li2O indicating that the source pegmatite is highly evolved and underscores the future potential of the property. In support of the untested potential, the historic exploration and mining did not penetrate below the 25 metre mark or extend beyond the local workings.

In addition, surface exploration on the Mavis Lake rare metals' project, located 15 km Northeast of Dryden, Ontario, revealed high-grade well-evolved lithium and tantalum zonation as well as significant levels of cesium and rubidium across multiple pegmatite bodies.

Both the Moose and Mavis Lake projects are clearly emerging as premier multi-element rare metals projects and warrant drill programs in 2011 to determine their potential.

The merits of ILC's portfolio of lithium and rare metal projects, particularly the Mariana, have garnered significant interest from retailers, institutions and potential international strategic partners. A fruitful effort has been expended this year in the establishment of a strong network of interested parties. ILC is currently pursuing confidential discussions and undergoing due diligence with strategic investors to negotiate a beneficial transaction that may dramatically assist ILC in the attainment of its objectives. Significant advancement of ILC's projects through 2011 in conjunction with the progression of the lithium and other rare metals' sectors will potentially have a profound effect on the Company in the coming period.

Ameri Gold Corp., an Alaska focused gold exploration company, was incorporated this year as a wholly owned subsidiary of TNR Gold Corp. Major advancements were realized in the amalgamation of a 100% interest in the Shotgun project through the acquisition of NovaGold Resources Inc.'s 50% interest in the project. Previous work at Shotgun Ridge by NovaGold has estimated a non NI43-101 compliant historical resource2 of 980,000 ounces grading 0.93 gram per tonne (g/t) at a cut-off of 0.5 g/t. The coming year will see the continued succession of Ameri Gold into a separately listed company and the management teams' dedicated focus on proving and expanding the mineralization at Shotgun.

The formation of Ameri Gold is another step in the process of maximizing the asset value for the shareholders of TNR by a timely capitalizing on historic high gold prices.

Compania Minera Solitario de Argentina S.A. is the long standing wholly owned subsidiary of TNR focused on gold and copper in Argentina. A number of projects have been advanced by joint venture companies throughout the year. One project in which Solitario claims an interest is the Los Azules project operated by Minera Andes Inc. that has recently, on December 16, 2010, disclosed significant results reported from an updated preliminary assessment3. As most recently disclosed by the Company in its press release of November 4, 2010, the Company is involved in a legal dispute with MAI whereby Minera Solitario has served notice exercising its 25 per-cent back-in right to certain of the properties comprising the Los Azules project. Solitario's right to back into the properties is the subject of a lawsuit filed by Minera Andes and the terms of the back in right are the subject of litigation between Solitario and Xstrata4. The trial date is scheduled for June 20 to July 15, 2011.

Two prominent drill ready properties in the Minera Solitario portfolio are the El Tapau Au-Cu project that has been subjected to very limited drill coverage consisting of 7 holes which returned a significant intersection of 82 metres grading 0.49% Cu that hasn't been followed up on and the El Salto Cu project where previous work has delineated a large chargeability anomaly (6 x 1.5 kilometres) that was widely tested by 12 drill holes; one of which returned 55 metres of 0.21% Cu and 0.012% Mo. In 2011, the expectation is to launch a follow-up drill program on the core areas identified as exhibiting the highest potential.

TNR Gold Corp. staked the Big Beaver House rare earth element ("REE") property, one of the largest carbonatite complexes in Ontario at 5 by 5 kms in scale. The project has experienced limited historic drilling with only partial elements analyzed for. When the Ontario Geological Survey analyzed the historic drill core for the full spectrum of elements, significant REE mineralization was confirmed with reported Nd+La+Ce grades up to 3,200 ppm indicating significant REE potential. The Big Beaver House project represents an excellent exploration target for REEs and is a prime example of the opportunities that the Company continues to source out, identify and acquire.

In summary, the past year was primarily focused on increasing the value of the company, more specifically the value of the projects themselves, for the shareholders through a strategic restructuring. In the past as one company, one entity with a multitude of projects, the underlying value of the myriad of projects has not been realized regardless of their individual inherent value. In addition, the complexity of multiple commodities and jurisdictions does not translate very well to the marketplace or the shareholder. To address and resolve the situation, TNR has evolved and will continue to evolve by setting up separate management teams that are focused on fund-raising, exploration and advancement of their company's specific property portfolios. This initiative is anticipated to provide the direct benefit of unlocking the value of the projects and will be able to move not only the Company forward, but the companies that are derived or get spun out of TNR Gold Corp.

The majority of the Companies' projects are staged for the next phase of exploration and the forthcoming period will see significant resources applied to the advancement of those properties. We are anticipating a very busy and exciting year ahead.

ABOUT TNR

The Company is a diversified international metals exploration company focusing on the continued advancement of existing properties and identifying and acquiring new prospective projects. The Company has a portfolio of 18 active projects, of which the rights to 9 rare metals projects, including Mariana, will be transferred to the wholly owned subsidiary International Lithium Corp. upon completion of a proposed plan of arrangement.
The objective of the proposed plan of arrangement is to spin out the Company's rare metals property interests into a separate public company, International Lithium Corp. This proposed plan of arrangement has been approved by the Company's shareholders and the courts of British Columbia. The Company will now proceed with the spin out and will provide updates on the progress of the spinout in further news releases. For further details of the spinout, please refer to Stockwatch news dated May 26, 2010, or visit International Lithium's website.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the combined companies' commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,

Gary Schellenberg
President

Notes:

1. As a result of the Company's geophysical survey the option to the Mud Lake mineral claims was permitted to lapse. The Runaway mineral claims have been staked approximately 10 kilometres to the north in conjunction with the interpreted basin's structural low and identified drill target.

2. (Not a NI43-101 compliant resource. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. This resource estimate is quoted from the Technical Report on the Shotgun-Winchester Project, SW Alaska. 7 March 2008 and available on www.sedar.com).
3. A qualified person of TNR (within the meaning of National Instrument 43-101) has not been able to verify the information disclosed by MAI, and, thus, such information should not be relied upon by TNR shareholders.
4. We encourage interested parties to review the Amended Statement of Defence and Counterclaim in their entirety on our website for a better understating of our position. The link for this information is as follows:

It should be noted that the Statement of Defence and Counterclaim are not intended to be, and should not be interpreted as, sources of factual, business or operational information about TNR or any of its affiliates. The Statement of Defence and Counterclaim contain assertions that have been prepared solely for use in connection with the legal dispute with MAI and Xstrata, have not been proven and should, therefore, not be relied upon.
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Lithium Drive: Mitsubishi i-MiEV 12 month trials hailed as a success tnr.v, czx.v, rm.v, lmr.v, alk.ax, sqm, fmc, clq.v, wlc.v, tsla, li.v, lit, nsany, rno.pa, bmw, f, gm, avl.to, ree, res.v, quc.v, dai, byddf



  As you remember, we have driven I-Miev and was very impress by its performance. We were anyway quite sceptical about its market success, particularly compare to upcoming Nissan Leaf and GM Volt. Car is very narrow and have that special old "Electric Car" feel that you have to give up something to be Green. It is very encouraging to see that technology behind it was on par or even above the expectations. Mitsubishi has already announced the wide body version of its Electric Car for the American market and we think that car can be competitive proposition to the market place.




"This year we have a staggering number of reports and warning on the looming Peak Oil situation. It takes time for reality to settle in, particularly, when nobody knows what to do with it. We have put REE in the headline and only few months ago we would have to explain, what is it all about - now suddenly everybody is talking about REE and stocks involved in Rare Earths are all making new highs. It takes a crisis for us to realise that fundamentals are driving the real trends. Sudden realisation that China controls more than 90% of REE market and their reserves maybe will last only for another twenty years, created the catalyst in the market place. What will it take to realise that we are running out of cheap oil? Another crisis?
  We are talking here about the powerful mega trend Inflation multiplied by Peak Oil situation - we have to move and readjust our society. Our Energy diet is not sustainable any more. We are lucky in a sense that there is technology available to us to survive the Oil Shock if we will all move fast - Electric Cars. It is our Next Big Thing and at the heart of this disruptive technology lie strategic commodities: REE and Lithium."


  The sector is very small - now is the time to find and pick up value among the hype, backed by strong  shareholders and based on solid portfolio of Lithium and REE properties. Headlines from China, Jim Puplava and James Dines are moving REE into the mainstream in the investment space now and Lithium will get its recognition one day as well. Only few companies left without strategic investors in the sector, when even only this catalyst can bring the transformation to the junior from a holding company into actively pushing into production developer. It will bring multiples to the dormant valuation.

  We will provide some links for the further homework here:











  Our Top Picks from Lithium Bull: Rest Before The Charge have already enjoyed a very active M&A season, out of the two - Rodinia Lithium has already secured strategic investor and only International Lithium left for dating now. Among the strategic suitors are the same faces - people with money vs others with debt."
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Friday, December 24, 2010

Merry Christmas and Happy New Year 2011!

Happy Holidays!




Time is to upgrade your thoughts about ElectricCars!



Lithium and REE, Gold and Copper: TNR Gold investor Klip increases control by 2.37% tnr.v, czx.v, rm.v, lmr.v, alk.ax, sqm, fmc, clq.v, wlc.v, tsla, li.v, lit, nsany, rno.pa, bmw, f, gm, avl.to, ree, res.v, quc.v, dai, byddf


2010-12-23 11:45 ET - News Release
Ms. Karyn Legg reports
EARLY WARNING REPORT DECEMBER 23, 2010
On Dec. 21, 2010, Kirill Klip acquired 3.28 million common shares at a price of 10 cents in the capital of TNR Gold Corp. through the exercise of 3.28 million warrants previously issued to Mr. Klip on Feb. 18, 2010. The warrant shares represent approximately 2.37 per cent of the outstanding common shares of TNR. After giving effect to the issuance of the warrant shares, Mr. Klip now holds, directly or indirectly, a total of 26.15 million common shares, 2.5 million warrants and 1.6 million stock options. As at Dec. 21, 2010, TNR had 137,901,447 common shares outstanding, of which Mr. Klip owned, or exercised control or direction, a 21.30-per-cent interest, assuming exercise of all of the foregoing warrants and stock options. The warrant shares of TNR were acquired by Mr. Klip for investment purposes. Subject to availability, price, the general state of the capital markets and the financial condition of TNR from time to time, Mr. Klip may purchase or sell securities of TNR.

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Lithium Drive: First Walk Around The All New Jaguar C-X75 Electric Super Car With Jay Leno tnr.v, czx.v, rm.v, lmr.v, alk.ax, sqm, fmc, roc, clq.v, wlc.v, tsla, li.v, lit, nsany, rno.pa, bmw, f, gm, avl.to, ree, res.v, quc.v, dai, byddf



  When super cars becomes Electric one you can tell that Electric cars are not only toys any more. Jay Leno recently is making quite a push on EV side and more and more publicity is coming with every new Electric Car on the road.

This is the future - according to Jay Leno and "Huston, we have a problem" - according to Steven Chu:


  U.S. secretary of Energy Steven Chu on Peak Oil and Energy. For our investment thesis and Next Big Thing it is the very important speech and comparing Peak Oil situation and Energy Security to "Sputnik Moment" by Steven Chu is very timely. We are advocating here for the state-level comprehensive plan to save America, like it is implemented now in China. Just listen to the US Secretary of Energy describing what China is doing now and how far it has surpassed U.S. already!
  We all need to waken up as with Russian Sputnik flying above us and implement complex electrification of our transportation with the same devotion and allocation of necessary resources as "Manhattan project" was done. This time it can save the world as we know it.
  Watch the second video from Cancun below, where Steven Chu talks about Oil as per IEA groundbreaking revelations about Peak Oil:  "Oil prices will be higher from now on."


"This year we have a staggering number of reports and warning on the looming Peak Oil situation. It takes time for reality to settle in, particularly, when nobody knows what to do with it. We have put REE in the headline and only few months ago we would have to explain, what is it all about - now suddenly everybody is talking about REE and stocks involved in Rare Earths are all making new highs. It takes a crisis for us to realise that fundamentals are driving the real trends. Sudden realisation that China controls more than 90% of REE market and their reserves maybe will last only for another twenty years, created the catalyst in the market place. What will it take to realise that we are running out of cheap oil? Another crisis?
  We are talking here about the powerful mega trend Inflation multiplied by Peak Oil situation - we have to move and readjust our society. Our Energy diet is not sustainable any more. We are lucky in a sense that there is technology available to us to survive the Oil Shock if we will all move fast - Electric Cars. It is our Next Big Thing and at the heart of this disruptive technology lie strategic commodities: REE and Lithium."


  The sector is very small - now is the time to find and pick up value among the hype, backed by strong  shareholders and based on solid portfolio of Lithium and REE properties. Headlines from China, Jim Puplava and James Dines are moving REE into the mainstream in the investment space now and Lithium will get its recognition one day as well. Only few companies left without strategic investors in the sector, when even only this catalyst can bring the transformation to the junior from a holding company into actively pushing into production developer. It will bring multiples to the dormant valuation.

  We will provide some links for the further homework here:











  Our Top Picks from Lithium Bull: Rest Before The Charge have already enjoyed a very active M&A season, out of the two - Rodinia Lithium has already secured strategic investor and only International Lithium left for dating now. Among the strategic suitors are the same faces - people with money vs others with debt."

 Here are another groundbreaking revelations about Peak Oil and Climate Change now from U.S. Secretary of Energy!
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Wednesday, December 22, 2010

TNR Gold: COO Interview - Mike Sieb tnr.v, abx, ng.to, mai.to, cuu.v, sgc.v, tck, bhp, fcx, rtp, nem, auy, slw, cs.to, ngq.to, imn.to, ncu.to, bls.to, qux.to, wrn.to, rio


COO Interview: TNR Gold Corp. (TNR) - Mike Sieb

December 20, 2010 - The Wall Street Transcript has just published Gold and Precious Metals Report offering a timely review of the Precious Metals sector. This Special Reportcontains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. Please find an excerpt below.
Mike Sieb brings 22 years of strong corporate growth and project management experience in international mining and exploration. Prior to joining TNR Gold Corp., Mr. Sieb was President of Brilliant Mining Corp., which was named "Top 10 Mining Companies on the TSX: V" for two consecutive years by the TSX Venture Top 50 during his tenure. Mr. Sieb is recognized as a committed executive with an exceptional array of skills essential for operating and developing a premier mining company. He earned an MBA from the University of British Columbia and a B.S. in geology from Concordia University.
TWST: Please begin with a brief historical sketch of TNR Gold and an overview of your current activity.
Mr. Sieb: TNR Gold (TNR) was formed approximately 20 years ago. It's spearheaded by individuals whose forte is identifying early-stage opportunities, acquiring them and advancing them to the resource stage for potential joint venture. So it's basically a joint venture business model which has been proven successful in the past. Historically, the company has been focused on gold and copper. We have a long-standing office and staff in Argentina, for more than 18 years now, which has been instrumental for our operations into Argentina. If you review our basket of projects, you can readily see that we're heavily weighted towards South America and Argentina in particular. However, our global investigations have led us to acquire and advance high-quality projects across North America.
TWST: Update us about the Shotgun property in Alaska. What prospects does the property hold in terms of reserves and when do you think you'll be able to get commercial qualities of gold from it?
Mr. Sieb: The Shotgun property in Alaska has seen a significant amount of exploration in the past. Greater than $7 million has been spent on the ground as part of a joint venture with TNR Gold and NovaGold. In a recent development, we've been able to consolidate 100% ownership of the Shotgun property into TNR by acquiring the outstanding 50% from NovaGold, providing TNR with the ability now to proceed ahead. The historic work has resulted in a non-43-101 compliant resource, a fairly significant one, that we're hoping in our next phase of exploration to convert into a compliant 43-101 inferred resource, expand upon it and develop it by expending $5 million over the next two years.
TWST: Update us about your Argentina projects, Mariana, El Salto, El Tapau.
Mr. Sieb: Those projects have all experienced early-stage drilling programs that have identified significant mineralization. The projects are all in the category of follow-up, whereby they now require additional drilling to advance the projects to a resource category. The El Tapau project has shown some high-grade copper intersections, very strong structural relationship that the subsequent drill program will need to follow up and define the high-grade core of those mineralized zones.
TWST: What are the dynamics, the fundamentals, the assumptions and the variables that the industry is facing that could have an impact on your own strategies and goals?
Mr. Sieb: The market is very supportive nowadays. With the record-breaking gold prices, the strong demand for copper, I think that TNR Gold is in an absolutely perfect position to take advantage of the current market situation, as well as we have the strong property base to be able to exploit that sector. Basically, we have built a solid foundation of very high-quality projects. The target is to spend a sufficient amount of money over the next two years to really bring out the valuation of those projects. That is our goal and one we can show to the marketplace.
: What is your agenda for the next 12 months? What would make that time frame a success?
Mr. Sieb: The first thing that we are doing is unlocking the value in TNR Gold. We currently have three subsets of projects. We have our Argentina gold and copper projects. We have our rare metal projects, which are in International Lithium, a wholly owned subsidiary, and we have our Alaskan gold projects in another wholly owned subsidiary, AmeriGold. Our philosophy is that the sum of the individual parts is greater than the whole. In order to realize an increased valuation, it is our goal to compartmentalize the three project subsets by translating the two subsidiaries into their own trading entities, thereby providing AmeriGold and International Lithium management team with the determination and independence to advance their projects as their own main priority.
The remainder of this 47 page Gold and Precious Metals Report can be immediately viewed by purchasing online.

The Wall Street Transcript is a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs and research analysts. This Special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.
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