Latest / Financial Survival Network / Coppernico Begins Drilling -- TSX Listing Coming Soon with CEO Ivan Bebek

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Coppernico Begins Drilling -- TSX Listing Coming Soon with CEO Ivan Bebek · Financial Survival Network

• 0:00
  Speaker 1: This is one of the most exciting girl programs I've
• 0:03
  Speaker 1: been part of. Not because it's unique that we're drilling
• 0:07
  Speaker 1: virgin discovery attention discovery holes, which will be the most rewarding,
• 0:10
  Speaker 1: but the scale of the system is bigger than anything
• 0:13
  Speaker 1: I have pursued in my career, and that's really been
• 0:16
  Speaker 1: the appeal and the perseverance that we took on to
• 0:18
  Speaker 1: get to this point.
• 0:19
  Speaker 2: The Financial Survival Network now more than never the Financial
• 0:28
  Speaker 2: Survival Network.
• 0:30
  Speaker 3: And welcome. This is Financial Survival Network. I'm your host,
• 0:35
  Speaker 3: Carrie Lutz. We are sitting down for a major sponsor
• 0:38
  Speaker 3: update from Ivan DeBeck, CEO of Copernico Medals. I've in
• 0:44
  Speaker 3: Hey the picture behind you. The drills are turning.
• 0:48
  Speaker 1: Yeah, Carrie, it's an incredible achievement, especially being FRU. We
• 0:52
  Speaker 1: had first set foot on this trojict nine years ago
• 0:55
  Speaker 1: and started to identify the opportunity and we're ready to
• 0:58
  Speaker 1: drill it in twenty twenty, unfortunately as soon as COVID hit.
• 1:01
  Speaker 1: But the best news is that the drill is actually turning.
• 1:03
  Speaker 1: This video behind me is almost real time and we're
• 1:06
  Speaker 1: starting to see the first few meters of what we're drilling,
• 1:08
  Speaker 1: and so a very very poor little point for the company,
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  Speaker 1: and I look forward to our interview here today.
• 1:14
  Speaker 3: Yeah, and the listing is on its way. You actually
• 1:17
  Speaker 3: have a stock symbol on the TSX now c PR.
• 1:23
  Speaker 1: Yeah. So a couple of things that happened. I mean,
• 1:25
  Speaker 1: if you followed our news releases even though we weren't
• 1:28
  Speaker 1: trading publicly, we've had a series of major milestones met
• 1:31
  Speaker 1: since November. We had two senior executives from BHP, one
• 1:35
  Speaker 1: of the largest mining companies in the world, to join
• 1:38
  Speaker 1: our team at the board level. This certainly expands our
• 1:41
  Speaker 1: capacity to explore and look for things that could matter
• 1:44
  Speaker 1: the companies, like that caliber of a BHP R or
• 1:47
  Speaker 1: some of the other majors. Secondly, from that, you know,
• 1:51
  Speaker 1: the two people joining, you know, we've finally got boots
• 1:54
  Speaker 1: on the ground in early February. And as much as
• 1:56
  Speaker 1: it's exciting to turn the drill bit for the first time,
• 1:59
  Speaker 1: and that's really a centational moment as an entrepreneur and
• 2:02
  Speaker 1: as ex floor and as a shareholds see behind me.
• 2:05
  Speaker 1: Now we've got our first few meters of course starting
• 2:07
  Speaker 1: to come in the event and the team and the
• 2:11
  Speaker 1: way it team together and what we're seeing on the project,
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  Speaker 1: in addition to what we're drilling, is really complementing the
• 2:17
  Speaker 1: scale of this massive system and so much robust expiration
• 2:20
  Speaker 1: opportunities that we haven't even touched on yet. So not
• 2:22
  Speaker 1: only are we going to get to drill a very
• 2:25
  Speaker 1: very big system continuously for the next twelve months, we're
• 2:28
  Speaker 1: also going to be able to expose some other considerable
• 2:31
  Speaker 1: targets that we're finding in and beyond the system so far,
• 2:34
  Speaker 1: so things really really have scaled upon us in terms
• 2:37
  Speaker 1: of size. The grade has been visually very appealing in
• 2:41
  Speaker 1: various parts of the property, and being back there to
• 2:44
  Speaker 1: work with both the drilling and the exploring, it's kind
• 2:46
  Speaker 1: of a dream from our perspective, and as a shareholder,
• 2:49
  Speaker 1: you know, the only way you can really make that
• 2:51
  Speaker 1: overrun potential, the best way to do it actually is
• 2:54
  Speaker 1: while drilling. Every month, we will have a drill turning
• 2:58
  Speaker 1: here in the next twelve months. We're funded to drill
• 3:01
  Speaker 1: at least thirty holes, possibly more. The program is going
• 3:04
  Speaker 1: to be very dynamic. You know, we're drilling in areas
• 3:07
  Speaker 1: that have a thin layer of cover, so it's kind
• 3:10
  Speaker 1: of like if anybody has reading glasses, if you look
• 3:13
  Speaker 1: at something without the reading glasses, you see it blurry,
• 3:16
  Speaker 1: but once you drill through it, we're starting to see
• 3:19
  Speaker 1: really good resolution on the rock and seeing where we
• 3:22
  Speaker 1: are in the system and where to go, you know,
• 3:24
  Speaker 1: pursue the copper and gold mentalization that we've seen so
• 3:27
  Speaker 1: abundant on surface. So this is one of the most
• 3:30
  Speaker 1: exciting drill programs I've been part of. Not because it's
• 3:34
  Speaker 1: unique that we're drilling virgin discovery potensial discovery holes, which
• 3:38
  Speaker 1: will be the most rewarding, but the scale of the
• 3:40
  Speaker 1: system is bigger than anything I have pursued in my career,
• 3:43
  Speaker 1: and that's really been the appeal and the perseverance that
• 3:46
  Speaker 1: we took on to get to this point. You know,
• 3:49
  Speaker 1: having set foot on the project nine years ago, we've
• 3:51
  Speaker 1: been through quite a bit of capital, almost forty million
• 3:54
  Speaker 1: dollars to get here, and we've been through various personnel.
• 3:57
  Speaker 1: You know, it's tough for people to stay on a
• 3:59
  Speaker 1: project this long and to finances. So we're in really,
• 4:02
  Speaker 1: really good shape. The drills turning the course started to
• 4:05
  Speaker 1: come in and we're super excited. We're just in the
• 4:08
  Speaker 1: first few meters and that part is great. We don't
• 4:12
  Speaker 1: know enough to comment on it obviously, Yet except for
• 4:15
  Speaker 1: the technical side of it, they would like to see
• 4:17
  Speaker 1: more drills added in a timely process because there's so
• 4:20
  Speaker 1: much excitement around the targets we're going to go after,
• 4:22
  Speaker 1: so very exciting time, very strong team from the board
• 4:26
  Speaker 1: level down. We've refreshed a lot of people on our
• 4:29
  Speaker 1: team as well at the management levels, so that we
• 4:32
  Speaker 1: have fresh eyes and press perspectives on very very good
• 4:35
  Speaker 1: work that was done previously. But surely this is falling
• 4:38
  Speaker 1: on perfect market time for a world class copper discovery.
• 4:42
  Speaker 3: I would assume it would have to be something very
• 4:44
  Speaker 3: special for you to spend nine years. And it's a
• 4:48
  Speaker 3: roller coaster, right, There's a lot of ups and downs
• 4:51
  Speaker 3: and a lot of frustrations, and yet, like you said,
• 4:55
  Speaker 3: you persevered.
• 4:56
  Speaker 1: Yeah, it's a good point to make. And I've had
• 4:58
  Speaker 1: the luxury of being around some very smart people in industry,
• 5:02
  Speaker 1: the likes of Ross Beedy and Lucas, the late Lucas
• 5:05
  Speaker 1: lending something that really set out for me in the
• 5:08
  Speaker 1: final year, which was the toughest year, to hang on
• 5:11
  Speaker 1: to this project and get it through the permitting when
• 5:13
  Speaker 1: everybody was sure we wouldn't get here.
• 5:15
  Speaker 3: It was the.
• 5:16
  Speaker 1: Comments around the history of Philo Mining and the twenty
• 5:19
  Speaker 1: two years before they hit the big hole and their
• 5:21
  Speaker 1: share price went from three to twenty five dollars a share.
• 5:25
  Speaker 1: That's a long time. That the longer time than the
• 5:26
  Speaker 1: nine years we took. And you know, if I look
• 5:29
  Speaker 1: back and the twenty five years I've been in the business,
• 5:32
  Speaker 1: the big ones take time. There was always a challenge
• 5:35
  Speaker 1: to whether it's social permitting or you know, logistical challenges
• 5:39
  Speaker 1: to physically get there. It takes a lot of visionary
• 5:43
  Speaker 1: perseverance to get through. And the best part about it, Carrie,
• 5:46
  Speaker 1: is we're here now. And although nine years is a
• 5:48
  Speaker 1: long time, it's almost half of my career. It's the
• 5:51
  Speaker 1: next nine years that are going to be really history
• 5:53
  Speaker 1: making if we get it right. And that gives us,
• 5:56
  Speaker 1: you know, a lot to think about. You know, there's
• 5:58
  Speaker 1: street factors that are in front of us. You know,
• 6:01
  Speaker 1: how fast do we drill? And you know, how do
• 6:03
  Speaker 1: we strategically identify the scale of the system early and
• 6:06
  Speaker 1: monetize that in our share place. That's that's number one
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  Speaker 1: on the top of what we're going to do here.
• 6:12
  Speaker 1: What happens if you find something and it's big and
• 6:15
  Speaker 1: you have great currency, but the trip takeover transaction is
• 6:18
  Speaker 1: not there. We're looking at other assets. You know, we
• 6:21
  Speaker 1: would like to consolidate some really good assets in industry
• 6:24
  Speaker 1: free if we got currency and were taken out by
• 6:27
  Speaker 1: a major mining company, you know. And the last part
• 6:29
  Speaker 1: is finding these things are extremely rare. You know, nine
• 6:33
  Speaker 1: years to get to this point. If you're a new investor,
• 6:35
  Speaker 1: you have to look at this and say, well, you know,
• 6:38
  Speaker 1: the drills are turning. I get to capitalize on nine
• 6:41
  Speaker 1: years and about thirty five to forty million spent before
• 6:44
  Speaker 1: this first drill program. I get to save all the
• 6:47
  Speaker 1: time it took to identify and get to the drill
• 6:49
  Speaker 1: bit and every month for the next twelve months or
• 6:52
  Speaker 1: possibly much longer, I get to experience the potential superlaudo
• 6:56
  Speaker 1: ticket and the way the results are going to come.
• 6:58
  Speaker 1: They're going to come informative, and we're going to get
• 7:01
  Speaker 1: indications that we're there, we're not there. We're going to
• 7:04
  Speaker 1: get opportunities to drill something that's really really obvious for
• 7:07
  Speaker 1: us as the big discovery, and we're going to hope
• 7:09
  Speaker 1: to see that very early. But the SCARN system and
• 7:13
  Speaker 1: likely or potentially a big porphry system as well. But
• 7:16
  Speaker 1: scarns are variable, and that's something that is you know,
• 7:19
  Speaker 1: turned off a lot of people to chase them. And
• 7:21
  Speaker 1: what that variability means is that can take five or
• 7:23
  Speaker 1: six holes or twenty or thirty holes before you get
• 7:26
  Speaker 1: that first discovery. And the only way to mitigate that
• 7:29
  Speaker 1: risk in that time frame is to have enough capital
• 7:32
  Speaker 1: to go out and take that on in good market timing,
• 7:34
  Speaker 1: and we certainly have both of those. The one part
• 7:37
  Speaker 1: I do like about scarns and first learning about them,
• 7:39
  Speaker 1: is they have great more often than not. And in
• 7:41
  Speaker 1: the case of Somarro, we have great a surface and
• 7:44
  Speaker 1: this is a scarn system that's you know, daylighting on
• 7:47
  Speaker 1: surface in various areas or osional windows. That's really compelling
• 7:50
  Speaker 1: to us because it increases the probability of potential success.
• 7:55
  Speaker 1: It gives us a lot better shot at finding something
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  Speaker 1: that could be very rich surface. And then the infrastructure
• 8:01
  Speaker 1: in the region is outstanding, with power lines going right
• 8:05
  Speaker 1: through the property, three multiple water sources nearby, through towns
• 8:09
  Speaker 1: nearby for a workforce. And you know, it's been an
• 8:12
  Speaker 1: honor to be here as an explorer in somebody else's backyard.
• 8:15
  Speaker 1: And the way we got through is not not a
• 8:17
  Speaker 1: mystery anymore. But we brought agricultural programs grants from the
• 8:21
  Speaker 1: government into the ANDES and these programs have been very
• 8:24
  Speaker 1: beneficial and they'll be sustainable long after we're gone in
• 8:28
  Speaker 1: the event that this wasn't a major discovery. But right
• 8:30
  Speaker 1: now we have a large treasury, we're funded for at
• 8:33
  Speaker 1: least twelve months of drilling continuously, and we have capital
• 8:37
  Speaker 1: to October the next year. So we are in a
• 8:39
  Speaker 1: very very strong position, which is very unique to the sector.
• 8:43
  Speaker 1: The fact that we are drilling, we're funded, and we
• 8:45
  Speaker 1: have working capital to almost the end the next year.
• 8:47
  Speaker 1: And that time frame is very important because because we're
• 8:50
  Speaker 1: know my view, we're at the pivotal purning point of
• 8:53
  Speaker 1: the visore sector. We're coming out of about a twelve
• 8:55
  Speaker 1: year bear market going to the next leg up, and
• 8:58
  Speaker 1: precious and base metals, as you're seeing in recent moves
• 9:00
  Speaker 1: and both copper, gold and silver, you know, you're seeing
• 9:03
  Speaker 1: demand come from the electronic electrification initiatives, You're seeing the
• 9:07
  Speaker 1: precious metal counter US dollar and plationary presence that it has,
• 9:12
  Speaker 1: and you're starting to see all the right things that
• 9:14
  Speaker 1: are happening. But at the same time, as I say that,
• 9:17
  Speaker 1: there are junior resource companies that are closing the doors.
• 9:21
  Speaker 1: They're done, they can't make it through. So it's a
• 9:24
  Speaker 1: very unique environment, but very opportunistic one. And I guess
• 9:27
  Speaker 1: why I just made that last statement is things are
• 9:30
  Speaker 1: a lot cheaper now than they're going to be and
• 9:33
  Speaker 1: a lot of people like to buy things that perfect time,
• 9:35
  Speaker 1: and I certainly do. But to get a hold of
• 9:37
  Speaker 1: a good share position and a big opportunity, you have
• 9:40
  Speaker 1: to buy early, and sometimes you have to ride the
• 9:43
  Speaker 1: market down before it goes up. And the most important
• 9:45
  Speaker 1: thing for me on this project was the development of fundamentals.
• 9:49
  Speaker 1: Each layer that we applied to technical work got more
• 9:53
  Speaker 1: and more supportive or a thesis that this could be
• 9:55
  Speaker 1: the next Lost Mambus, which is the elevel largest proper
• 9:58
  Speaker 1: mind in the world. I mean to even make that statement,
• 10:02
  Speaker 1: you know, in any way, shape or form, and to
• 10:04
  Speaker 1: have people joining us at the board level, senior executives
• 10:07
  Speaker 1: from BEHP, you know, that kind of complement to the team,
• 10:10
  Speaker 1: that's that's really outstanding for us, and it gets exciting.
• 10:13
  Speaker 1: And so now we're throwning to drill and you know,
• 10:16
  Speaker 1: unfortunately it's lack of sleep when the markets are bad
• 10:18
  Speaker 1: and you don't have permits, and it's lack of sleep
• 10:20
  Speaker 1: when you get so excited that things could really work.
• 10:22
  Speaker 3: Out and you've got quite an impressive land package here.
• 10:26
  Speaker 3: So this could kind of just be the tip of
• 10:29
  Speaker 3: the iceberg.
• 10:29
  Speaker 1: Huh, Yes, absolutely, this could be. This could be just
• 10:33
  Speaker 1: the beginning. And that's the other thing that we don't
• 10:35
  Speaker 1: talk too much about. Because we get to drill seven
• 10:38
  Speaker 1: kilometers continuous targeting from what we've identified at surface to start,
• 10:43
  Speaker 1: which is was just substantial in size, but we have
• 10:45
  Speaker 1: another four kilometers that will add to that once we
• 10:48
  Speaker 1: get additional permits. So you're going to see an evolution
• 10:50
  Speaker 1: of permits and additional targets through that land package. You know,
• 10:54
  Speaker 1: we've had a chance to start looking at the rest
• 10:56
  Speaker 1: of the land package and evaluating what we keep and
• 10:59
  Speaker 1: what we do don't keep. It's an expensive land holding
• 11:02
  Speaker 1: to hold onto. It coross the solust six hundred thousand
• 11:04
  Speaker 1: dollars a year just to pay for the claims, and
• 11:07
  Speaker 1: so we want to be very efficient and rationalize all
• 11:10
  Speaker 1: of our land that we have and stick to the
• 11:11
  Speaker 1: things that we can drill within the next few years
• 11:14
  Speaker 1: that could complement this system. And you know, watch out
• 11:16
  Speaker 1: that we don't get caught up too much in long
• 11:18
  Speaker 1: term expensive landholding exercise. But we couldn't really do this
• 11:22
  Speaker 1: up until we got to work on the project, and
• 11:24
  Speaker 1: we're already to see new things in new areas and
• 11:26
  Speaker 1: it's a very rod lessystem.
• 11:28
  Speaker 3: Yeah, no substitute for boots on the ground. But there
• 11:31
  Speaker 3: was some historic drilling there a while back, and that's
• 11:36
  Speaker 3: what kind of tipped you off to this project.
• 11:39
  Speaker 1: Yeah, so great, great comment, and really that's the history here.
• 11:43
  Speaker 1: This project was under a government survey done by the
• 11:47
  Speaker 1: Thruvin government. They actually age data the mineralization of when
• 11:50
  Speaker 1: the middle is the copper and gold formed to be
• 11:52
  Speaker 1: much much younger than it actually was. You know, it's
• 11:55
  Speaker 1: about forty million years old, which is the eost And era,
• 11:59
  Speaker 1: and that era when these deposits are formed is critical,
• 12:02
  Speaker 1: especially when looking at minds like LUs almost Entaia, Constantia
• 12:05
  Speaker 1: next door, you know, and if it doesn't fit in
• 12:08
  Speaker 1: that box, a lot of people will look past it.
• 12:10
  Speaker 1: We took a chance and we just kept seeing copper
• 12:14
  Speaker 1: and gold on surface and that was our benchmark to
• 12:17
  Speaker 1: look further. And we started doing channel sampling and we
• 12:20
  Speaker 1: would sample one hundred to two hundred meters of really
• 12:23
  Speaker 1: really rich copper and gold, and that's what drove us
• 12:26
  Speaker 1: to go ahead. And then we came upon these rolls
• 12:28
  Speaker 1: at the end of our first apurt of expiration, right
• 12:31
  Speaker 1: before we were going to apply for drill permits, and
• 12:34
  Speaker 1: these roles for drilled for iron, and they were never
• 12:36
  Speaker 1: sampled for copper, and they're right on the edge of
• 12:39
  Speaker 1: the system. They give us a speculation or a chance
• 12:41
  Speaker 1: to fingerprint the rest of the targeting, and we were
• 12:44
  Speaker 1: the first to sample those for copper. And the reason
• 12:47
  Speaker 1: why they weren't sampled previously is because the iron explorer,
• 12:51
  Speaker 1: once you see copper in your iron, it's metallurgically not
• 12:54
  Speaker 1: extractable efficiently or economically. So we sampled it and it
• 12:57
  Speaker 1: matched the grades on surface and it gave us that
• 13:01
  Speaker 1: thrilling excitement that the discovery could be already there. So
• 13:04
  Speaker 1: this is more of an expanding discovery exercise than trying
• 13:07
  Speaker 1: to make something completely new. And that was also the
• 13:10
  Speaker 1: edge that had helped us finance and persevere through COVID
• 13:14
  Speaker 1: times and tough capital environments to get to this point
• 13:17
  Speaker 1: where we are today. So there is economic or perceived
• 13:20
  Speaker 1: economic caught from molmentalization in the third dimension. It supports
• 13:24
  Speaker 1: the rest of our targeting of what we're doing. There's
• 13:27
  Speaker 1: some very very good exposure on surface and we're now
• 13:30
  Speaker 1: just trying to drill to see if we can find
• 13:33
  Speaker 1: large amounts of what's there, what's already been discovered in
• 13:37
  Speaker 1: several new areas. And the best part about this troject
• 13:40
  Speaker 1: is there's so many places to have a big discovery
• 13:43
  Speaker 1: along it. You know, some of the larger minds in
• 13:45
  Speaker 1: the world are one to three kilometers long. We're exploring
• 13:48
  Speaker 1: seven kilometers of strike length in this first targeting phase
• 13:52
  Speaker 1: and we will have draw results coming as early as September.
• 13:55
  Speaker 3: Well that's quick. So how deep are you going to
• 13:58
  Speaker 3: go here?
• 14:00
  Speaker 1: Yeah? A good question, Yeah, good question. We see reason
• 14:03
  Speaker 1: to go from surface quite deep in our targeting. But
• 14:07
  Speaker 1: we're focusing on the first vertical three hundred meters, which
• 14:10
  Speaker 1: will be about an average depth of three fifty to
• 14:12
  Speaker 1: four hundred meters for the hole. So that's where we
• 14:15
  Speaker 1: plan to drill about sixteen holes or more by the
• 14:18
  Speaker 1: end of this year and then continue on with another
• 14:21
  Speaker 1: fifteen holes in the first half of next year. But
• 14:24
  Speaker 1: that we're targeting everything near surface that's the low hanging truth.
• 14:27
  Speaker 1: If we do see something with incredible grade that tells
• 14:31
  Speaker 1: us to keep going a bit deeper, that could really
• 14:33
  Speaker 1: scale the project and fits in a reasonable economics since
• 14:37
  Speaker 1: the near term time frame will go after that as well.
• 14:39
  Speaker 1: And then lastly, you know, there's a lot of talk
• 14:42
  Speaker 1: right now, and it's quite speculative about a causative intrusion
• 14:45
  Speaker 1: being nearby to form all of the copper gold mineralization
• 14:49
  Speaker 1: or FIFTEM. Sometimes there's these engines underground which would bring
• 14:52
  Speaker 1: up the minimalization and that would be more than likely
• 14:55
  Speaker 1: a causet of porphyry that's created all of this. So
• 14:58
  Speaker 1: there's targets there, there's no shortage of targets. And the
• 15:02
  Speaker 1: best part about all of what I've just said is
• 15:04
  Speaker 1: we can drow thirty holes testing all those aspects here
• 15:08
  Speaker 1: as we go into a rising potentially rising metals Marcus.
• 15:12
  Speaker 1: So the financing we did was the real key aspect
• 15:16
  Speaker 1: to starting this project on the right foot. Tech Mining
• 15:19
  Speaker 1: bought in as a nine point nine percent investor. I
• 15:23
  Speaker 1: think that's a very very substantive endorsement. Not only do
• 15:27
  Speaker 1: they have operations in Peru, but they were on the
• 15:30
  Speaker 1: project back in twenty eighteen, and they have some experts
• 15:32
  Speaker 1: that are quite familiar with the region. Their endorsement was
• 15:36
  Speaker 1: competitive amongst three other majors that were trying to come
• 15:39
  Speaker 1: in and get a piece of the deal or go
• 15:41
  Speaker 1: and venture the project from us, and so it came
• 15:43
  Speaker 1: in on share terms for both sides, and having them
• 15:46
  Speaker 1: in the background, it opens up a lot of possibilities.
• 15:49
  Speaker 1: You know, we can get to get it right. But
• 15:51
  Speaker 1: as an explorer, you know you want third party validation.
• 15:54
  Speaker 1: No matter how good the rocks look to you, you
• 15:57
  Speaker 1: want to know that they can look good to somebody else.
• 16:00
  Speaker 1: Long bias can form, especially over time when a good
• 16:02
  Speaker 1: expiration project. So bringing tech in certainly gives us a
• 16:07
  Speaker 1: very very respectful third party validation from a very smart
• 16:10
  Speaker 1: company with a very deep technical sense of great discovery.
• 16:13
  Speaker 1: So that's where we sit today. Both Tech owns nine
• 16:16
  Speaker 1: point nine neumont owns about six point two percent of
• 16:19
  Speaker 1: the company. We're in touch with both of them on
• 16:22
  Speaker 1: a fairly regular basis as we go and drill this.
• 16:25
  Speaker 1: And there's about three other major miners watching closing their background,
• 16:29
  Speaker 1: and you know, big minds are much harder to find
• 16:32
  Speaker 1: now than they were about a decade or two decades ago,
• 16:35
  Speaker 1: a lot of the more exposed discoveries have been made,
• 16:39
  Speaker 1: and a lot of capital has kind of died in
• 16:42
  Speaker 1: the expiration sector and hasn't made it to the drill
• 16:44
  Speaker 1: bit as much as we really wanted to see. So
• 16:47
  Speaker 1: these things take a long time to put online. They're
• 16:50
  Speaker 1: rare to find if we get it right. And the
• 16:53
  Speaker 1: greatest thing about Sombrero is it has a very big
• 16:56
  Speaker 1: if you know, if you start getting it right, it
• 16:58
  Speaker 1: could be world class top twenty kind of mind exploration
• 17:02
  Speaker 1: projects in the world. And that's what we're shooting for here.
• 17:05
  Speaker 3: Hey. And while the earnings of the majors are coming
• 17:08
  Speaker 3: in really well, like Numont, it doesn't solve the problem
• 17:12
  Speaker 3: of dwindling reserves, dwindling resources. So when they have a
• 17:18
  Speaker 3: credible junior like Copernico, they really have to back it.
• 17:22
  Speaker 3: They almost don't have a choice, do they.
• 17:25
  Speaker 1: Well, you know what I think they comes down to.
• 17:27
  Speaker 1: They want a shot at it because the money. I
• 17:30
  Speaker 1: hate to say this, and every junior mining CEO is
• 17:34
  Speaker 1: going to not like this, Carmen, but it's one we're
• 17:36
  Speaker 1: all living is money's really hard to find, extremely hard
• 17:39
  Speaker 1: to find, and especially in this environment, and that's the
• 17:42
  Speaker 1: reality we're all facing. The easy part, I hate to
• 17:46
  Speaker 1: say it is the money, and the hard part is
• 17:48
  Speaker 1: the asset. And I've been to your bear markets before,
• 17:51
  Speaker 1: I've been through the OA correction, I've seen it all.
• 17:53
  Speaker 1: And the one thing that is really hard the rocks.
• 17:57
  Speaker 1: You know, to get an opportunity like this is worth
• 17:59
  Speaker 1: more than the capital. So when looking at this with
• 18:01
  Speaker 1: the majors and watching them all perform extremely well, having
• 18:05
  Speaker 1: some incredible quarters at these new metal prices, we're in
• 18:08
  Speaker 1: that sweet spot where there's a lot of money around.
• 18:11
  Speaker 1: But the importantly, there's a lot of supply missing on
• 18:13
  Speaker 1: especially quality supply, and you have to really use the
• 18:16
  Speaker 1: word quality on anything about half four percent copper that's
• 18:20
  Speaker 1: at surface with infrastructure that's going to make the top
• 18:23
  Speaker 1: thresholds of the better minds in the world that are
• 18:25
  Speaker 1: being pursued or being mined, and that's what we're chasing here.
• 18:28
  Speaker 1: So yeah, you can't. And then look at the time
• 18:30
  Speaker 1: frame the last point. Look at how long it took us.
• 18:33
  Speaker 1: Took us nine years to bring this project online from
• 18:35
  Speaker 1: kicking the first raw, but four years to permit and
• 18:39
  Speaker 1: drow with a hang up with COVID and that's that's
• 18:42
  Speaker 1: a remarkable thing you can't put a price on. So,
• 18:45
  Speaker 1: you know, we're in a position now with you know,
• 18:47
  Speaker 1: potentially what everybody wants at a timing that looks like
• 18:51
  Speaker 1: it could be much better than the last few years,
• 18:53
  Speaker 1: and an opportunity in the supply curve to really capture
• 18:57
  Speaker 1: some of the demand that's can outweigh the supply here
• 19:00
  Speaker 1: in the next eighteen twenty four months.
• 19:02
  Speaker 3: And as a shareholder here, the way things are shaping up, hey,
• 19:06
  Speaker 3: who knows, maybe in a year or two you'll have
• 19:09
  Speaker 3: a bidding war where the majors are all going all
• 19:13
  Speaker 3: in on this project, because, like you say, the rarity
• 19:16
  Speaker 3: is something of this scale, this quality, it just isn't.
• 19:20
  Speaker 1: There absolutely, And so you know, if it's there and
• 19:24
  Speaker 1: it's big enough, not only could it create a competitive environment,
• 19:27
  Speaker 1: but it could contribute to long term proper needs globally
• 19:30
  Speaker 1: for the planet. And that's something else we look at.
• 19:32
  Speaker 1: I mean, the prize is huge. And third point is
• 19:35
  Speaker 1: the people that it's going to impact, you know, locally,
• 19:39
  Speaker 1: you know, just seeing that potential positive, very positive benefit
• 19:41
  Speaker 1: for them for multi decades, multi generations to come. This
• 19:44
  Speaker 1: is a real special one, and it's you know, in
• 19:46
  Speaker 1: my world, no matter how hard it's been, it's been
• 19:49
  Speaker 1: more than worth the way. And now it's that exciting
• 19:51
  Speaker 1: part with the drill turning, going back towards when can
• 19:55
  Speaker 1: you actually trade the company shares. We are conditionally approved
• 19:58
  Speaker 1: to listen the Toronto stot Exchange. That's the main board,
• 20:01
  Speaker 1: that's the large exchange in Canada. It's one of the
• 20:04
  Speaker 1: best mining exchanges for companies in the advanced explorations. To
• 20:07
  Speaker 1: stay as we are, it'll give us tremendous access to capital,
• 20:11
  Speaker 1: both retail and institutionally. The second point there is it'll
• 20:15
  Speaker 1: be easier for you to trade it as a US investor.
• 20:18
  Speaker 1: There is a rule that we trade for at least
• 20:20
  Speaker 1: thirty days and an international exchange before we can upgrade
• 20:23
  Speaker 1: our US symbol. So we're going to be looking to
• 20:25
  Speaker 1: do that and hopefully within two months we have a
• 20:28
  Speaker 1: US symbol and we would eventually pursue one likely pursue
• 20:31
  Speaker 1: one to listen the NAVES the AMEX Exchange, and we
• 20:34
  Speaker 1: believe we'd meet all that criteria once we have six
• 20:37
  Speaker 1: months of trading on the Canadian International Exchange. But the
• 20:41
  Speaker 1: Toronto Exchange should be a lot easier for all investors
• 20:43
  Speaker 1: to access on not just US, but also in Europe
• 20:46
  Speaker 1: and other parts of the world, and we look forward
• 20:48
  Speaker 1: to that. As far as timing, I can't be specific.
• 20:52
  Speaker 1: We're at the final documentation, we receive the conditional listing,
• 20:56
  Speaker 1: we're filing that in a timely manner and hope to
• 20:58
  Speaker 1: be trading in the first two weeks of August. As
• 21:01
  Speaker 1: of August fourteenth. If we don't list by then there
• 21:04
  Speaker 1: is a penalty of some warrants that we have to
• 21:06
  Speaker 1: give out, and we feel very conmpident we're going to
• 21:09
  Speaker 1: list before that deadline, so we're going to do what
• 21:11
  Speaker 1: we can to get there. The exchange has been exceptional
• 21:14
  Speaker 1: in dealing with us and getting us on a fairly
• 21:17
  Speaker 1: timely basis, and you know, we're going to be in
• 21:19
  Speaker 1: a very good position going into the fall, not just
• 21:22
  Speaker 1: with draw results here, but to have twelve months of
• 21:25
  Speaker 1: potential drawer results that can could indicate or give us
• 21:28
  Speaker 1: or show us that we're onto that big discovery that
• 21:31
  Speaker 1: we're talking about.
• 21:32
  Speaker 3: And not to mention TSX liquidity wise and spreads, it's
• 21:37
  Speaker 3: much more favorable for traders and investors than lesser exchanges
• 21:43
  Speaker 3: around the country. Round the globe for that matters so well.
• 21:47
  Speaker 3: Definitely exciting times ahead. I'm glad I couldn't trade my
• 21:51
  Speaker 3: shares for the past few years because I held on
• 21:53
  Speaker 3: to them and I'm expecting good things coming. Hey, you
• 21:57
  Speaker 3: want to go over to Copertico Metals that see O
• 22:00
  Speaker 3: p p E or ni ceo Metals dot com. Sign
• 22:04
  Speaker 3: up for the notifications, get those drill results right away,
• 22:07
  Speaker 3: and again the symbol on the TSX will be cop
• 22:13
  Speaker 3: R and we'll see what it comes up in the
• 22:15
  Speaker 3: US as Hey, maybe you'll pull it off again and
• 22:19
  Speaker 3: you get the same symbol on both exchanges, which would
• 22:22
  Speaker 3: be great, even though it's a little more difficult when
• 22:24
  Speaker 3: you're looking up to see the price. Yeah.
• 22:27
  Speaker 1: Well, thank you, Kerry. And this is a special thank
• 22:29
  Speaker 1: you to all our shareholders. I know it's been top
• 22:32
  Speaker 1: it's been a long wait. I'm there with you. I'm
• 22:35
  Speaker 1: put it in a substantial amount as well. And I
• 22:38
  Speaker 1: run this company as a shareholder as well as the CEO,
• 22:41
  Speaker 1: because that's where we all went in the end, is
• 22:43
  Speaker 1: by share price performance. But I just want to thank
• 22:46
  Speaker 1: everyone for the patients, and I want to thank all
• 22:48
  Speaker 1: of our stakeholders and helped us get through and believed
• 22:51
  Speaker 1: in us that we would do this the right way.
• 22:52
  Speaker 1: Improve and the proving government agencies that have helped us
• 22:56
  Speaker 1: get through permise, even though it's taken some time, but
• 22:58
  Speaker 1: in a very respectful, timely manner. We see Peru changing
• 23:02
  Speaker 1: and going in a very very positive direction towards exploration
• 23:06
  Speaker 1: and permitting, and that's something we are living firsthand. So
• 23:09
  Speaker 1: we're very thankful to that, and we're thankful to the
• 23:12
  Speaker 1: board and the team that stuck with us, and so
• 23:14
  Speaker 1: we're really excited. Thank you all for your patience. And
• 23:17
  Speaker 1: now it's up to the drillbit and what we can
• 23:19
  Speaker 1: do with what we find and if we comply to
• 23:22
  Speaker 1: dig it up. But thank you very much.
• 23:24
  Speaker 3: All right, Hey, and I just looked at my shar as.
• 23:26
  Speaker 3: I just put them up on a shelf in the vault,
• 23:29
  Speaker 3: just left them there, and knowing one day, just like
• 23:32
  Speaker 3: just like my physical metal, this was going to pay off.
• 23:35
  Speaker 3: And hopefully we're closer to it now than we've ever been.
• 23:39
  Speaker 1: Thank you very much, Kerry, appreciate all your support.
• 23:48
  Speaker 2: The Financial Survival Network