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Ivan Bebek's Big Bet on Copper's Future · Financial Survival Network

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  Speaker 1: It's de risking to have that longevity, you know. I
• 0:03
  Speaker 1: know the copper price is at four dollars today, but
• 0:05
  Speaker 1: in a year from now, I think it's going to
• 0:07
  Speaker 1: be pushing through five dollars again. That would be based
• 0:10
  Speaker 1: on several third party reports I've seen from major minors
• 0:13
  Speaker 1: around the world, analysts and so on. So I think
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  Speaker 1: our timing and our current capital position is a weapon
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  Speaker 1: for us in terms of value preservation, and it gives
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  Speaker 1: us a chance to drill those extra holes to make
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  Speaker 1: that major discovery.
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  Speaker 2: The Financial Survival Network now more than network, the Financial
• 0:34
  Speaker 2: Survival Network and welcome.
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  Speaker 3: This is Financial Survival Network. I'm your host, Carrie. Let's
• 0:41
  Speaker 3: today we've got an update for you. Sponsor update on
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  Speaker 3: Copernico Metals. CEO Ivan Bebick is with us. Now. Ivan,
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  Speaker 3: you know, there's an old saying on Wall Street that
• 0:53
  Speaker 3: there are many reasons why insiders sell, but there's only
• 0:58
  Speaker 3: one reason why in siders buy. You just have the
• 1:02
  Speaker 3: opportunity to pick up some shares in Copernico. And obviously
• 1:08
  Speaker 3: it's the ladder and not the former.
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  Speaker 1: Yeah. No, you know, it's been a real busy six
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  Speaker 1: months for us, and we started drilling sombrero back in
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  Speaker 1: middle of the summer, and we started to learn a
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  Speaker 1: lot about where this thing could go and what the
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  Speaker 1: probability of success could be. To be full disclosure, scarns
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  Speaker 1: are very complex. This is a very large, complex system.
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  Speaker 1: The scale of it is extremely appealing from an expiration
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  Speaker 1: point of view. There's a lot of room from a
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  Speaker 1: major discovery here, but the complexity and the time of
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  Speaker 1: getting through a lot of those targets is it's going
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  Speaker 1: to take a minute. We've seen that the most impressive
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  Speaker 1: part that I've seen so far out of the project,
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  Speaker 1: besides the twenty meters of half a percent, and we'll
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  Speaker 1: talk about that, you know, our last press release and
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  Speaker 1: how important that is going forward for January. It's been
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  Speaker 1: the vectoring that the technical team and the way they
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  Speaker 1: been vectoring through each hole. And what we wanted to
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  Speaker 1: do was take more of a systematic approach and go
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  Speaker 1: around the horseshoe shape of the scarm that surrounds this
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  Speaker 1: big intrusion, and we want to find out where is
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  Speaker 1: the sweetest spot of the system, where should we be
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  Speaker 1: And we have a few outcomes coming out of it,
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  Speaker 1: and what they are is, you know, we need to
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  Speaker 1: expand our polygon a little bit because we are on
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  Speaker 1: the edge of some things that we will get access
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  Speaker 1: to in the coming months but we don't have access
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  Speaker 1: to yet. But we're also seeing, you know, a lot
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  Speaker 1: of revelations of where to go look for the sweet spot,
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  Speaker 1: and that's going to really be the theme of January
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  Speaker 1: is the follow up on the twenty meters of half
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  Speaker 1: percent and some of these other areas that we are
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  Speaker 1: we're drilling into the twenty meters of half a percent.
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  Speaker 1: There's a lot of you can drill behind it, underneath it,
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  Speaker 1: and a long strike meaning along a trend that goes
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  Speaker 1: for quite some area that that targeting will be presented
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  Speaker 1: here to the marketplace prior to drilling in January. But
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  Speaker 1: we are right now in our twelfth hole. It's on
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  Speaker 1: a target called Escondida. This was one of my favorite
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  Speaker 1: targets of the entire system, and I didn't I was
• 3:02
  Speaker 1: there's limited times when you can buy shares, obviously of
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  Speaker 1: your own company, but I had a window here where
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  Speaker 1: I could, and I wanted to buy them before we
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  Speaker 1: drilled this ESCONDI to target and I've got a chance.
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  Speaker 1: I bought about three hundred and fifty thousand shares here
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  Speaker 1: in the last day or so, and I plan to
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  Speaker 1: add more here while I can, because a our price
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  Speaker 1: is really cheap. The opportunity looks amazing from what we've seen,
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  Speaker 1: and from a science perspective, it's a matter of time.
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  Speaker 1: It's not if, it's when. And then we have some
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  Speaker 1: really robust targets such as the historical drill whole area
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  Speaker 1: called Furasso that's just north of where we're drilling this
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  Speaker 1: current hole, that have already demonstrated in eight holes the
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  Speaker 1: widespread mineralization we're looking for that will get access to
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  Speaker 1: some point towards the middle of next year. So there's
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  Speaker 1: a lot of targets that we've learned about. We've learned
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  Speaker 1: where we are in the system. We're vectoring very intelligently
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  Speaker 1: towards some of the sweet spots that could really give
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  Speaker 1: us that kind of market presence that things can go well.
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  Speaker 1: Copper has drop from five dollars to four dollars a
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  Speaker 1: pound it the equivalent of goal dropped now to nineteen
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  Speaker 1: hundred announce in state sideways. That is the copper market
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  Speaker 1: for copper equities. Personally, I see that as an opportunity.
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  Speaker 1: I'm a speculator, a big speculator. I see it from
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  Speaker 1: a greed perspective of being really encouraged by the geology.
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  Speaker 1: We've got some really big future plans that go with
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  Speaker 1: Sombrero and beyond it, and we think our timing is
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  Speaker 1: perfect with the copper market, and I want to own more,
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  Speaker 1: and I believe in the team and I believe in
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  Speaker 1: the project. As far as the next few steps here,
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  Speaker 1: we're finishing Pole twelve. We'll finish it here in the
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  Speaker 1: next week before the break here, and we will resume
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  Speaker 1: drilling in the first week of January, and that's where
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  Speaker 1: we'll drill the next four or five holes that will
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  Speaker 1: be a production or a result of all the expiration
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  Speaker 1: we've done today in the main areas that we're working on.
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  Speaker 1: But it's been a tough year with the copper price
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  Speaker 1: and the sentiment shifted. The stocks kind of followed that.
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  Speaker 1: But from the drill bit, there's a lot of holes pending,
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  Speaker 1: a lot of holes going in the lab. The predictability
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  Speaker 1: is not there until you get assays because the erratic
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  Speaker 1: nature of scarns, you know. And the whole we drilled
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  Speaker 1: twenty meters of half percent, we thought that was dead
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  Speaker 1: rock and it ran, and the other part of it
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  Speaker 1: which didn't run that well, we thought it would run
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  Speaker 1: much better. I'm fine with that. I'm encouraged by the
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  Speaker 1: level of understanding from the team and that that big
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  Speaker 1: look is. In my view, it's getting stronger and we
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  Speaker 1: now know a lot more of where to go next
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  Speaker 1: here in the first quarter with the drubber.
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  Speaker 3: All right, And I also noticed that you applied to
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  Speaker 3: expand your drill permits to two hundred holes, so obviously
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  Speaker 3: there's some plans there.
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  Speaker 1: Yeah, So we're starting to learn where and how much
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  Speaker 1: and how big the scale of these targets can be
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  Speaker 1: based on where we're seeing some really good indications. And
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  Speaker 1: that's a very very bullish statement by us to take
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  Speaker 1: on that approach to get those extra pads. We can
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  Speaker 1: drill two hundred holes. We want to be able to
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  Speaker 1: accelerate our exploration with drilling, accelerate the answer to a
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  Speaker 1: discovery in the event that the discovery starts being made,
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  Speaker 1: and that will certainly put us in that position. So
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  Speaker 1: we did that because we see the system as being
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  Speaker 1: very robust. There's a lot of mineralization, there's a lot
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  Speaker 1: going on. The only caveat has been. It's a bit complex,
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  Speaker 1: and we're getting through that at a very very good pace.
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  Speaker 1: So we are in a position to advance the drilling
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  Speaker 1: and perform in the event that this discovery starts to
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  Speaker 1: take place and scarings do. They are drill intensive. That's
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  Speaker 1: well known for anyone who's seen or follow or explored
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  Speaker 1: for a scaring system, and we just want to be
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  Speaker 1: ready because time is money, and we're watching our cost
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  Speaker 1: and we want to make sure we can accelerate when
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  Speaker 1: it's time to do it, and that would be sometime
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  Speaker 1: in the middle of next year that we have those permits.
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  Speaker 1: Second point being our current capital position gives us we
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  Speaker 1: have about eighteen months of working capital left, takes us
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  Speaker 1: into May twenty twenty six. This is a phenomenal position
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  Speaker 1: to be in, especially at four dollars copper, when copper
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  Speaker 1: equities are much softer and availability of capital for copper
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  Speaker 1: is at a very deep discount to where people would
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  Speaker 1: like to get it in the marketplace. And so we're
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  Speaker 1: going to be continued to be very disciplined with the spending.
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  Speaker 1: We're going to be very efficient with what we do,
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  Speaker 1: and we're going to breathe very mindful at the pace
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  Speaker 1: we spend that because we can increase or slow that
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  Speaker 1: down at any time based on the market conditions. I
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  Speaker 1: think the biggest thing with a big system like Sombarrows,
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  Speaker 1: you need capital. We're certainly very well capitalized to drill
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  Speaker 1: enough holes to get that big answer before we need
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  Speaker 1: to go back to market for money. The second part
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  Speaker 1: about it is it's de risking to have that longevity.
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  Speaker 1: I know the copper price is at four dollars to day,
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  Speaker 1: but in a year from now, I think it's going
• 7:48
  Speaker 1: to be pushing through five dollars again. That would be
• 7:50
  Speaker 1: based on several third party reports I've seen from major
• 7:53
  Speaker 1: minors around the world, analysts and so on. So I
• 7:56
  Speaker 1: think our timing and our current capital position is a
• 8:00
  Speaker 1: weapon for us in terms of value preservation, and it
• 8:03
  Speaker 1: gives us a chance to drill those extra holes to
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  Speaker 1: make that major discovery. So everything's growing a lot better
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  Speaker 1: than the share price would indicative and be indicative of,
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  Speaker 1: and just how it's performing in those times, I'm in
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  Speaker 1: a position to and enable to I take advantage of
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  Speaker 1: that and I buy more. And that's exactly what I'm
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  Speaker 1: doing here as we speak on this interview today.
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  Speaker 3: Well, clearly a supply of production of copper is at
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  Speaker 3: a deficit. It's been running that for a while and
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  Speaker 3: there's nothing out there, no major new minds that are
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  Speaker 3: going to change that situation. You know, Sombrero from the
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  Speaker 3: get go has always had a lot of institutional interest.
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  Speaker 3: Can you give us an idea of what it is now?
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  Speaker 1: Yeah, so you know from that our institutional shareholder basis
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  Speaker 1: increase a lot with their current funding, and obviously Tech
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  Speaker 1: bought in for nine point nine percent. We've signed several
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  Speaker 1: c's when Tech was buying in, and there's a lot
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  Speaker 1: more looking to get familiar with the project because of
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  Speaker 1: early indications from a science perspective or extremely positive of
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  Speaker 1: how things are going. And the feedback everyone saying is
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  Speaker 1: just keep drilling and it's a scarn and we see
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  Speaker 1: that we're not in a rush to expand our corporate
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  Speaker 1: shareholder based at this time. We're more of a rush
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  Speaker 1: to see what the next few holes can do for
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  Speaker 1: us in the exploration point. I think the most actually
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  Speaker 1: the most impactful holes we're going to drill so far
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  Speaker 1: will be the next four holes based on all of
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  Speaker 1: the data we've collected and where we've moved around the system,
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  Speaker 1: coming into January, so in extremely encouraging time, any hole
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  Speaker 1: we drill could be that first revealing major discovery hole.
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  Speaker 1: And that's something I really want people to take away
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  Speaker 1: from this interview. It's a scarn. You can drill ten
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  Speaker 1: meters beside the major system and miss it, and you'd
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  Speaker 1: have to go back and drill further to find it.
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  Speaker 1: So there's a very large level of unpredictability of when
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  Speaker 1: that system could be drilled. Our current drilling to date
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  Speaker 1: has not taken away anything from the potential scale and opportunity.
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  Speaker 1: And the real thing that's going on right now is
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  Speaker 1: we're expanding our polygon so we can drill more areas
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  Speaker 1: that we see to be either outcropping obviously robust areas
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  Speaker 1: that would be very high success rates based on historical drilling,
• 10:21
  Speaker 1: or outcrop. And the other part about it is where
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  Speaker 1: we've drilled around the horseshoe, the polygon, we've pushed up
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  Speaker 1: right against it, and we've seen things increasingly getting better
• 10:30
  Speaker 1: outside of our permitted areas. So we're we're expanding our permits,
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  Speaker 1: we're getting ability to drill more holes, and we have
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  Speaker 1: some really robust targets that have come out of what
• 10:39
  Speaker 1: we drilled so far today, but the vectoring has gone
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  Speaker 1: at a very very good pace, and a little bit
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  Speaker 1: more patience is needed, no question, I have no issue
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  Speaker 1: being patient when you have eighteen months of working capital
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  Speaker 1: and plenty of drilling capital as part of that budget remaining.
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  Speaker 1: So again, our timing is surreal. We're at the end
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  Speaker 1: of tax loss four dollars copper. I think this is
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  Speaker 1: a very opportunistic time, which is why I decided to
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  Speaker 1: start buying more and I most certainly believe in that
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  Speaker 1: and the potential geology and approaching.
• 11:08
  Speaker 3: And since we last spoke, you got your OTCQB listing
• 11:12
  Speaker 3: under CPPMF, so it'll make it easier for US people
• 11:19
  Speaker 3: in the south here south of the Canada in the
• 11:22
  Speaker 3: US to purchase shares.
• 11:25
  Speaker 1: And that was long overdue. We did our best to
• 11:27
  Speaker 1: get it as fast as we could. Un Fortunately we're
• 11:30
  Speaker 1: at the mercy of the exchange. But we're happy to
• 11:32
  Speaker 1: now have a US symbol that's much more easy to
• 11:35
  Speaker 1: be ritable access to people to trade on the back
• 11:38
  Speaker 1: of how things go forward. If our success starts to
• 11:42
  Speaker 1: find us here in the first quarter and we start
• 11:44
  Speaker 1: to create the share price performance we're all desiring to
• 11:47
  Speaker 1: see out of this project and the discovery starts to happen,
• 11:50
  Speaker 1: we will look to upgrade that further to the Nisiamics
• 11:53
  Speaker 1: you eventually once we qualify for that, but as we
• 11:55
  Speaker 1: sit right now, we're slowly getting more tradeability into more markets.
• 12:00
  Speaker 1: I have a very busy first quarter. I'll be attending
• 12:03
  Speaker 1: Viereck conference in Zurich as well as the PDAC will
• 12:07
  Speaker 1: be presenting there at the core shack some of the
• 12:09
  Speaker 1: early core that we've drilled at this project. But as
• 12:11
  Speaker 1: far as opportunity and potential upside, this is one of
• 12:14
  Speaker 1: the few things out there right now that could be
• 12:17
  Speaker 1: quite substantial as far as the discovery is concerned, and
• 12:20
  Speaker 1: we're looking to expand We're looking to expand our footprint
• 12:22
  Speaker 1: in next high grade, high quality expiration projects like this
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  Speaker 1: before the copper market really takes form. So expect a
• 12:29
  Speaker 1: lot of news out of us in the first half
• 12:31
  Speaker 1: of next year that we'll really set the tone for
• 12:34
  Speaker 1: us going into the copper Potential price movements anticipated on
• 12:38
  Speaker 1: the second half of next year, as we plan to
• 12:40
  Speaker 1: try to be as extremely active as we can, both
• 12:43
  Speaker 1: corporately and as well as on the road marketing the
• 12:46
  Speaker 1: company and what we're going to see coming out of
• 12:48
  Speaker 1: these several pending drill holes that we have coming out
• 12:50
  Speaker 1: of the lab here in the next few weeks into January.
• 12:53
  Speaker 3: Well, I'm excited as a shareholder and as far as
• 12:57
  Speaker 3: a drill program for twenty twenty twenty five, I assume
• 13:01
  Speaker 3: that's taking shape now, and a lot of it's going
• 13:03
  Speaker 3: to depend on the results of I guess we're looking
• 13:07
  Speaker 3: at holes six, six through twelve or waiting for results on.
• 13:11
  Speaker 1: Yeah, we're currently drilling twelve. We'll be waiting on six
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  Speaker 1: through twelve to come back by the end of January,
• 13:17
  Speaker 1: and then we will have we have the set. We
• 13:19
  Speaker 1: have thirty holes funded in our eighteen months of working
• 13:21
  Speaker 1: capital remaining, and the next four holes that we drill
• 13:25
  Speaker 1: from twelve to thirteen, fourteen, fifteen, sixteen, they will be
• 13:29
  Speaker 1: These will be some of the most paramount holes in
• 13:31
  Speaker 1: a project based on what we have access to and
• 13:33
  Speaker 1: what we've seen so far and what will really test
• 13:36
  Speaker 1: some key thesis points. And then yeah, the rest of
• 13:39
  Speaker 1: it's being designed in the moment. We're not going to
• 13:41
  Speaker 1: drill past our knowledge, and you know, we're going to
• 13:44
  Speaker 1: wait to see how the project and how the market's
• 13:46
  Speaker 1: performing so that our treasury stays strong in difficult to
• 13:50
  Speaker 1: copper equity markets, which we currently see here in the
• 13:53
  Speaker 1: last quarter of this year. But we're just going to
• 13:55
  Speaker 1: be mindful. I would expect to be much more formal
• 13:59
  Speaker 1: with our plans in January February of the extent of
• 14:02
  Speaker 1: the program beyond the next four holes that we drill.
• 14:06
  Speaker 1: That they will all determine how aggressive we are with
• 14:09
  Speaker 1: the drill bit as well as the market conditions, so
• 14:11
  Speaker 1: we don't put ourselves into any kind of a financial
• 14:13
  Speaker 1: pressuring kind of scenario. So expect a very discipline approach. Financially,
• 14:18
  Speaker 1: We're going to be very measured and careful with our spending.
• 14:22
  Speaker 1: But we are super encouraged with the pace of vectoring,
• 14:25
  Speaker 1: or the pace of knowledge that we're getting from the
• 14:27
  Speaker 1: holes we have drilled. At least from a visual perspective,
• 14:30
  Speaker 1: we see a lot of the system starting to make
• 14:32
  Speaker 1: sense for us, and we're getting some really, really great
• 14:35
  Speaker 1: targets coming out of it. So it's really really exciting,
• 14:38
  Speaker 1: and I can't wait to get drilling back in the
• 14:40
  Speaker 1: first quarter and can't wait to see how a whole
• 14:42
  Speaker 1: twelve goes just south of our puriscal historical holes on
• 14:46
  Speaker 1: the same structure of projecting south into the same rock unit,
• 14:50
  Speaker 1: the Maral formation that hosts the mineralization at puri Assal,
• 14:53
  Speaker 1: So a lot of potential. The big one could be
• 14:55
  Speaker 1: in any hole and we're going to keep going and
• 14:58
  Speaker 1: see how she goes.
• 15:00
  Speaker 3: All right, that is exciting, So everyone should go over
• 15:03
  Speaker 3: to Copernica Metals dot com sign up for notifications again.
• 15:07
  Speaker 3: The ticker symbols us CPPMF. In Canada, it's cop R.
• 15:14
  Speaker 3: Will be following up with you as soon as those
• 15:16
  Speaker 3: drill results come out. And happy and healthy New Year
• 15:19
  Speaker 3: to you and yours.
• 15:21
  Speaker 1: Five of them, The best of the holidays to everybody,
• 15:23
  Speaker 1: celebrate them and yourself carry stay safe and yeah, looking
• 15:27
  Speaker 1: forward to a lot of news and this is an
• 15:29
  Speaker 1: extremely exciting project at an extremely time and can't wait
• 15:33
  Speaker 1: to see the next results.
• 15:41
  Speaker 2: The Financial Survival Network