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Silver Surge Re-Ignites Interest in Tier One Silver · Financial Survival Network

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  Speaker 1: Other than finding close to nine thousand grounds for a
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  Speaker 1: ton silver over four grams gold and channel samples, we
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  Speaker 1: found the presence of arsenic and that's really important and
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  Speaker 1: in gelogic that gives you the indication that the precious
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  Speaker 1: metals now is below. So we feel like we have
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  Speaker 1: this five hundred meters of elevation really trapped in where
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  Speaker 1: we're going to find our top intercepts. So we're getting
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  Speaker 1: really excited and to get back, get back the drill,
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  Speaker 1: get it out, get this thing going again, because the
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  Speaker 1: entire sector has been in hibernation mode and it's time
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  Speaker 1: to go on the offensive. The Financial Survival Network now
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  Speaker 1: more than network, the Financial Survival Network, and welcome. This
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  Speaker 1: is Financial Survival Network.
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  Speaker 2: I'm your host, Carrie Lutz, and we have an update
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  Speaker 2: from a company that we used to work with pretty closely,
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  Speaker 2: but we bumped into each other a while ago. Wanted
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  Speaker 2: to get Peter Dumbickie on CEO of T one Silver
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  Speaker 2: and Peter, it was great to see you go down
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  Speaker 2: in Florida and figured it was time for an update,
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  Speaker 2: even though we haven't done much together recently. I just
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  Speaker 2: wanted to make sure that the FSN members who've some
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  Speaker 2: of whom have invested in the company get the latest updates.
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  Speaker 2: So you just had some really impressive channel samplings recently.
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  Speaker 1: Yeah, that's great. Thanks Kerry for having me back. And
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  Speaker 1: you know, for all of your loyal followers and supporters
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  Speaker 1: of Tier one, it's important that you know we haven't
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  Speaker 1: gone anywhere, even though the market has been less than
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  Speaker 1: fun the last few years. You know, when capital gets
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  Speaker 1: pulled out of these kind of venture markets and risk
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  Speaker 1: gone goes away for a little bit, it gets tough,
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  Speaker 1: and it's been an extremely humbling experience being CEO of
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  Speaker 1: a company in this sector. But it feels like, you know,
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  Speaker 1: there's a pulse. Things are coming back, and you know,
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  Speaker 1: didn't think my phone was working at seventeen dollars. Silver,
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  Speaker 1: you know, got a couple of calls incoming when it's
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  Speaker 1: you know, twenty five twenty six April May was a
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  Speaker 1: nice little bump. It felt like we were on the verge
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  Speaker 1: of something there it cools off over the summer, but
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  Speaker 1: here we go taking the next leg up. This one
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  Speaker 1: feels different just because of the move that Gold is
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  Speaker 1: put in. So it really feels like Silver is going
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  Speaker 1: to start playing serious catch up here and we might
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  Speaker 1: see that whipsaw higher in a big way. So Tier
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  Speaker 1: one itself for those your newer listeners, we're you know,
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  Speaker 1: an aggressive exploration company focused on finding the next world
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  Speaker 1: class silver discovery based in Peru. We had a tremendous
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  Speaker 1: first pass of drilling when we launched our program almost
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  Speaker 1: three years ago and came out with plus kilos silver,
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  Speaker 1: good grades of gold, and the potential for a big
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  Speaker 1: copper orphrey discover as well. And then then the markets
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  Speaker 1: you know, pulled out from under our feet and it
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  Speaker 1: was it was survival mode, to be honest, but we've
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  Speaker 1: gotten through it. We never changed the thing. It's one
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  Speaker 1: hundred percent on project. We leaned out and now we're
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  Speaker 1: back on the offensive. So really, for a reminder on
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  Speaker 1: the project, we came out with extreme high grade early results.
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  Speaker 1: But really we've hired these two world class consultants to
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  Speaker 1: come down to our property and say, you know, give
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  Speaker 1: us an unbiased view of what we got in our
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  Speaker 1: hands here. They both came back and said, you know,
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  Speaker 1: this is a story about elevation. It's a story about erosion.
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  Speaker 1: You know, all of your top intersets came around nineteen
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  Speaker 1: hundred meters and elevation. And again you ask any Peruvian
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  Speaker 1: about that elevation, they call it beachfront because these guys
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  Speaker 1: are used to operating at you know, five thousand meters
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  Speaker 1: in elevation, so nineteen hundred meters about the same elevation
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  Speaker 1: as Denver, Colorado. It's very accessible, close to the coast,
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  Speaker 1: close to the highway, great terrain to work in. But
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  Speaker 1: with our drill results, we were hitting very very shallow
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  Speaker 1: but not depth. So where are we going to go
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  Speaker 1: to find our kind of meteor intercepts that were really
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  Speaker 1: going to put us on the map. And they said,
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  Speaker 1: if you go north on your property to this Kimbai
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  Speaker 1: acord or there's another five hundred meters of elevation that
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  Speaker 1: you can attack that has not yet been eroded away.
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  Speaker 1: So we ran up there. Over this past year, we
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  Speaker 1: did lots of testing, mapping, channel sampling, rock chick sampling,
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  Speaker 1: and just came back a couple of days ago with
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  Speaker 1: our results, and you know, it really nailed the thesis.
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  Speaker 1: Other than finding close to nine thousand grounds for a
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  Speaker 1: ton silver over four grams gold and channel samples, we
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  Speaker 1: found the presence of arsenic and that's really important in geology.
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  Speaker 1: That gives you the indication that the precious metals now
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  Speaker 1: is below So we feel like we have this five
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  Speaker 1: hundred meters of elevation really trapped in where we're going
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  Speaker 1: to find our top intercepts. So we're getting really excited
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  Speaker 1: and to get back, get back the drill, get it out,
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  Speaker 1: get this thing going again, because the entire sector has
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  Speaker 1: been in hibernation moment. It's time to go on the offensive.
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  Speaker 2: Right, So drilling when do you anticipate to the resumption? Yeah, so,
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  Speaker 2: I mean, drilling is not cheap anywhere in the world,
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  Speaker 2: and so we need to recapitalize before we bring out
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  Speaker 2: the drill. But it's looking pretty good. So you'll be
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  Speaker 2: hearing lots from us in the near future here. But
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  Speaker 2: we really want to go attack this thing. We can
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  Speaker 2: drill all year round at sight, so it's three weeks
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  Speaker 2: heads up to all the contractors to get going. We're
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  Speaker 2: fully permitted, drill permit, environmental foot permitted, Social Agreement was
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  Speaker 2: just re signed, which is so important, especially in South America,
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  Speaker 2: that you have that on lockdown.
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  Speaker 1: So we're ready to go. So it's just gonna take
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  Speaker 1: a little capital to get us going. And and we're
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  Speaker 1: looking to do another thirty five hundred four thousand meters
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  Speaker 1: of drilling to really go hunt for that big silver grade.
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  Speaker 2: In the political situation in Peru, like other countries, actually
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  Speaker 2: pretty favorable. I think it gets painted with the same
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  Speaker 2: brush as other countries that have been restricting the mining,
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  Speaker 2: but Peru seems to be encouraging it.
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  Speaker 1: Oh carry, I mean if we I'm sure we had
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  Speaker 1: a call, you know, two and a half years ago,
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  Speaker 1: and we might not be taking the same thing. I
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  Speaker 1: was telling, you know, investors to hold on, not to
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  Speaker 1: worry because you read in the papers about you know,
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  Speaker 1: turmoil in the streets, blockades of mines. But as my
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  Speaker 1: Steam colleague and famous geologist Christian Rios, who's on the
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  Speaker 1: ground in Peru, he's like, Peter, just wait a few weeks.
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  Speaker 1: You know, these protests aren't grassroots, passionate protests. These things
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  Speaker 1: have an agenda in mind, and it's politically based. It
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  Speaker 1: involves Bolivia. There's a lots going on. Anytime a new
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  Speaker 1: cabinet minister and a new president gets appointed, the ministry
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  Speaker 1: of mind shifts and all new appointees come in. And
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  Speaker 1: who doesn't like that story, and that's usually the illegal
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  Speaker 1: miners in the country because it's usually job number one
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  Speaker 1: of the president. You get rid of legal mining. So
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  Speaker 1: who's funding these protests? And there's always somebody who benefits,
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  Speaker 1: you know, anytime we see these kind of protests happening,
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  Speaker 1: So you wait out a few weeks, people stop getting
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  Speaker 1: paid to cause ruckus and things go back to normal.
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  Speaker 1: And so for the past year and a half, it's
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  Speaker 1: been extremely boring, which I love. I love boring politics,
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  Speaker 1: and I know we're not used to boring politics and
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  Speaker 1: in North America, but it's been really nice. So Dina Blarte,
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  Speaker 1: the former vice president who's now vice or now president,
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  Speaker 1: sitting president, very centrist, not making any big moves, which
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  Speaker 1: is great. There is an election next year, but the
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  Speaker 1: front runner is in place right now, are are centrist
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  Speaker 1: or more right wing, So it's looking like through Pendulum
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  Speaker 1: is kind of swinging back to the center after a
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  Speaker 1: couple of tough years with the scary individual in place there. Yeah.
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  Speaker 2: Well, politics in Latin America is often like the weather
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  Speaker 2: in Florida. Wait if you don't like weather, wait five minutes.
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  Speaker 1: Noll jitting. I'm I think I'm on my third Provian president.
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  Speaker 1: And since I've been CEO of tier one and you're
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  Speaker 1: exactly right. Just just wait a couple of years. Don't
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  Speaker 1: get used to it. But you know, as one of
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  Speaker 1: our bigger shareholders, Ross Betty and a famous investor and
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  Speaker 1: has lots of operations in Latin America and especially in
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  Speaker 1: Prue says, politics and Peru is a short term game.
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  Speaker 1: Mining is a long term game. Don't sweat it. And
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  Speaker 1: anytime you do see turmoil, you know, improve politically. Take
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  Speaker 1: a look at the big producers, see what their share
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  Speaker 1: prices are doing. And usually they don't budge. It's because
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  Speaker 1: the real money knows that nothing really is going to
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  Speaker 1: be done one way or the other. Yeah.
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  Speaker 2: And when we last spoke, you mentioned seventeen dollars silver.
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  Speaker 2: Now we had Silver hit thirty five books, which is
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  Speaker 2: a key psychological mark. It broke resistance somewhere between thirty
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  Speaker 2: two fifty thirty three point fifty and right now it's
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  Speaker 2: thirty three books and change.
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  Speaker 1: So this changes the economics of everything, doesn't It sure does. Man.
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  Speaker 1: Psychology and investing plays a wicket game with you. You know,
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  Speaker 1: my former background being an investment advisor, I know all
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  Speaker 1: about it. You know, people won't want to dig into
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  Speaker 1: a company that they really like or take that risk.
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  Speaker 1: But once it moves up ten twenty thirty percent, then
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  Speaker 1: they feel comfortable it's on the right track. But they
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  Speaker 1: could have had a huge discount if they if they
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  Speaker 1: came in earlier. But again that's the psychologics psychology of it.
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  Speaker 1: But here we are, Silver's you know, making its move.
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  Speaker 1: People are now taking a look around and saying, okay,
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  Speaker 1: what's what's my top silver holding is going to be?
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  Speaker 1: As far as a producer, a developer, and an exploration company,
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  Speaker 1: I want grade, I want good jurisdiction. But most of them,
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  Speaker 1: and foremost is I want good people. I want good
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  Speaker 1: management that knows how to run a good company. And
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  Speaker 1: that's where we really stand out. Yeah, totally, I couldn't
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  Speaker 1: agree with you.
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  Speaker 2: More.
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  Speaker 1: Imagine if the price goes up another fifty percent, it's yeah,
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  Speaker 1: I mean, there are so many arguments, and I'm sure
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  Speaker 1: you and I have gone down the same rabbit holes
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  Speaker 1: with all the big silver bugs out there saying, you know,
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  Speaker 1: one hundred dollars silver or one thousand dollars silver. There's
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  Speaker 1: reasonings for it, but as we know, nothing goes up
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  Speaker 1: in a straight line. So we had a heck of
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  Speaker 1: a run to get to thirty five. Let a cool,
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  Speaker 1: let it settle a little bit, and let's take the
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  Speaker 1: next leg up. It only helps company like us, you know,
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  Speaker 1: even though we're exploration and we're not producing the metal.
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  Speaker 1: There is a fantastic correlation to silver companies and the
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  Speaker 1: price of silver. And again, people really want to find
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  Speaker 1: their next silver investment. I just came from a conference
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  Speaker 1: in New York City and silver is very, very topical.
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  Speaker 1: As we've seen other sectors kind of peter at a
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  Speaker 1: little bit, you know, lithium and copper's taking a bit
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  Speaker 1: of a breather, but silver is on the front of
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  Speaker 1: everybody's mind right now.
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  Speaker 2: Eric Sprat's colling for three hundred dollars silver, like you
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  Speaker 2: gap be a little off. But really, when you go
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  Speaker 2: back and you see that gold is certainly nominal highs
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  Speaker 2: in the mid twenty seven hundreds, silver hasn't even it's
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  Speaker 2: just approaching it's sixty five percent of its all time high,
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  Speaker 2: this seems like a dramatic misvaluation or underpricing by the
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  Speaker 2: market for sure.
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  Speaker 1: And you know, when you go through all your technical
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  Speaker 1: skills and looking at where silver could go, so many
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  Speaker 1: things come in mind. Interest rates, getting cut. Well, we're
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  Speaker 1: going through that process right now. We should see more
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  Speaker 1: cuts coming in the future. We have obviously a big
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  Speaker 1: election coming up. How that sways things, I'm not sure.
• 11:37
  Speaker 1: We have a very very strong US dollar at the moment.
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  Speaker 1: Depending on who gets into the White House, that could
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  Speaker 1: change things dramatically. And all these things, you know, act
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  Speaker 1: are perfectly correlated adversely to the price of silver, and
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  Speaker 1: just the fact that silver has a lot of catch
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  Speaker 1: up to play. We look at that gold silver ratio
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  Speaker 1: over time, I forget what the mean is. I think
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  Speaker 1: it's around sixty sixty to one. I think we're hovering
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  Speaker 1: around eighty to one at this point, So a lot
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  Speaker 1: of lot of room to go on Vario. You know,
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  Speaker 1: many different metrics for silver to take another leg higher.
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  Speaker 1: So I think we all know it's head in that direction. Yeah,
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  Speaker 1: not a question, is never in doubt, and it's pretty
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  Speaker 1: exciting to watch. But you know, the market moves when
• 12:28
  Speaker 1: the market moves, So in any event, you definitely want
• 12:32
  Speaker 1: to go over to the company's website sign up for notifications.
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  Speaker 1: You can monitor the drill program once that resumes. It's
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  Speaker 1: Tier one Silver dot Com ticker symbol us ts L
• 12:45
  Speaker 1: VF and of course in candidate ts l V Peter,
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  Speaker 1: thanks for stopping by, appreciate the catchup. We'll talk to
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  Speaker 1: you again soon. Thanks Kerry, the Financial Survival Network