Sign Delaware Banking Work Order Later

Industry sign banking delaware work order later

[Music] [Music] hi how you doing today i'm your host rich you have a rich tv live we're with our very special guest many time guest the ceo of copperbank gianni kovacevic how you doing today gianni i'm doing fantastic i'm going to be heading back to europe today and i'll be spending the next couple months there but my team is hard at work in arizona and soon to be nevada and this is a really interesting copper market and anyone that's been um looking at my work and maybe caught up the first couple interviews hopefully people will look at the long not the longer term but the more the punch line of how this all ends and copper wins it wins the prize it's going to win the oscar in the movie here and it's looking real interesting so let's talk about some topical things i agree with you actually on bloomberg they're talking about copper a lot because copper like you've mentioned is being utilized everywhere so it is a very very serious opportunity right now for investors and it's been a wild couple weeks as copper prices were at all-time highs and copper bank has a fairly good run in the market with its share price what are your thoughts on copper prices as the market has been taking a little bit of a downturn and how do you think that will affect copper bank on twitter just now i put up a fantastic 120 year chart for copper demand including some of the technological innovation that created this what's actually three percent very reliable kegger growth rate in the demand of copper for 120 years but now we go into hyperdrive because this green new deal electric vehicles and the electrification of everything in fact the kegger growth rate according to many estimations not a wild one but in not a lo but the middle of the road scenario six percent kegger growth rate for copper there is panic in the market because business is really good for people that make things employment rates just skyrocketed yet again in the united states the report just came out about about an hour ago business is good and it's going to get better if you're in the business of generating transferring or making things that utilize electrical energy we are just beginning and so copper had this big run up for people that have been following during the colbit low it was two and a half dollars a pound and now it went to four dollars and 35 cents that is a big number because guess what that that is near the all-time high for copper we don't have euphoria yet when you look at the valuations of copper stocks even though they went up a little bit i mean copper bank went up to 70 80 cents but as i said before the previous market cap high of everything we own would be in excess of three dollars a share the last time copper was four dollars a pound just imagine there's a disconnect there absolutely there is a fantastic trading opportunity and there's a there's a there's a great long-term value investors opportunity so depending on what hat you're wearing i think people have to look at this consolidation because the underlying fundamentals have only gotten stronger so there's this opportunity this disconnect in the market and it's ben graham i'll use another bank grand quote a different one than last time in the in the short term markets are voting machines they're erratic there's all sorts of psychology that happens in the market but guess what in the longer term they are always a weighing machine the true value of something will come out and so we're going to continue to talk about this you know i say what i do i do what i say i've been buying more stock i do file this as an insider and i think people can look at that your readers are smart whether they're traders or long-term players they can look at a chart i'm right um they're smart and you can just see this this is a consolidation phase and in my view i cannot suggest this strong enough people need to monitor this basically day by day because one thing is going to either break out again and the margin of safety because copper would have to break down to like three dollars and fifty cents a pound to really change the narrative we don't have that when that happens i'll come on the show and i'll say okay it's a reset let's see where we're going now but the underlying commodity is telling us um the trade is on great i've been hearing from a lot of different sources that later this year as tech stocks could take a downturn people will start to move more money into the commodity sector being a seasoned copper guy what do you think it means for copper prices in your opinion well that's an interesting observation many people have probably seen this when you compare the stock market to the basket of commodities and they've never been cheaper still even though they've come up a little bit but he's still like look if you look at a contemporary graph uh to be clear that basket commodities compared to the stock market have never been cheaper so yes we already have seen some rotation you will continue to see rotation why because they're cheap you know i just talked about the disconnect even though the commodities have come up but the but the equities these mid-tier junior equities are still trading near historical lows something has to break there either these commodity prices are going to completely collapse and then the stocks are still valued like that or you're going to see this this massive wave of rotation into away from other things but into commodities and then you've got to look at the future of commodity demand which commodities have the best kegger growth rate it's the electric metals and who leads the electric metals it's copper you're going to see a lot of people rotating the copper and there are very few names be it from the big companies like glencore rio tinto bhp to the little guys how many juniors listed on any global stock exchange have two development copper projects that they own 100 you can count them on one hand we're one of them right so that's why that's what makes copper bank special and then you look at us on whatever metric you want on a per share basis copper bank is undervalued to the peer group and the entire peer group is undervalued compared to where we should be so you it's a it's a pretty compelling um uh narrative i would think what are the main things copper bank is doing to make itself stand out in a marketplace to help build investor confidence well we just talked about what we own we own two development projects it would take an excess of 120 million dollars to duplicate what's already occurred as we always say mining is a ruinously expensive endeavor so we bought property that other people spent this 120 some odd million dollars they collapsed in value and now we're moving that portfolio forward to augment those development projects we have three very exciting blue sky exploration projects and when you're talking commodities it's nice to have those um areas where you can poke a drill hole and if you find more resource just like you in an algae you find another oil well and it's a gusher that's a good thing we have three such properties and then within that we've got an additional business which is our royalty business when we are successful moving these things forward with all the property we own there's no royalty there or predominantly no royalty we can create an organic for very low cost a royalty company so you got all the different disciplines of what you're going to want to invest in market cap that still reflects to make it clear again based on our share count and we don't need to raise capital we have all the capital we need to answer unanswered questions until we drill it would be from this share count trading at 50 cents we have a dollar and 50 a share in paid drilling and the previous market cap high would be over three dollars a share so there's your there's your delta can you go through the property and how many pounds of copper is potentially in the ground so that we can do some simple math for investors so everyone understands the potential value you guys are sitting on yeah so these the previous operators spent this 120 million dollars we have historical economic studies and historical resource estimates we don't consider them to be contemporary but they were done to the to the the national instrument standards so there's a high level of confidence in their accuracy people can look at those they're on our website but at our copper creek project we've got in all categories eight billion pounds of copper in that resource we measured indicated uh 500 million tons at 0.44 copper and then we've got another 400 somewhat million tons of inferred at percent copper eight billion pounds how much is a pound of copper you do the math in our nevada project in all categories we've got 830 million pounds of copper based on those historical studies and we actually have 600 million pounds as a reserve so it costs let me do the math here for people this is very important for the big companies business is going to be good they're going to want to replace the resources and reserves it's hard to find a copper deposit they we spent a hundred billion dollars as an industry in the last 20 years looking for more copper a lot of misses a lot of low-grade stuff we now know that it costs on average four cents a pound to delineate a measured indicated pound of copper does that make sense so if you want to find a deposit that's got 10 billion pounds it's going to cost about 400 million dollars in drilling and missing and delineating an expiration to find that 10 billion pound deposit there's a reason why the transactions in the past cycle went for between three and ten cents per established pound in the ground when companies were being taken over so to reiterate got eight billion pounds at copper creek and we got just under one billion pounds in nevada at contact based on historical resource estimates and people have to use that caveat this this work was done and published in the year 2013. that's very impressive is copper bank looking to acquire any more properties or are you just mainly focused on the properties that you currently have we're transactional we're always open to look at something but frankly rich we looked at over 200 projects the past six years wow they're in bad locations they've got too many warts on them we don't feel that a major company's going to want to buy them so we had three criteria when we acquired our portfolio our children have to be able to work on the projects we're not going to crazy places there had to have been a meaningful amount of capital spent on them to de-risk them there's enough risk in this business we don't want to have that and the most important one will a larger company than copper bank actually want to move a project like that forward we take all three boxes we've got our hands full with what we own and now that the market is normalized we're looking to move these projects forward and the net present value based on those historical economic studies this is very important for people where are we the scale the sensitivity scale on what the project is worth depending on the commodity price this is important it stops at four dollars a pound we're at 410 420 pounds it's off the scale so when we eventually look at updating these economic studies what does the net present value look like when you enhance the project but then start adding you know a power of magnitude and based on those historical economic studies i've said this before the net present value for every 25 cents a pound that copper goes higher we uh there's a lift of 300 million us dollars of net present value for our portfolio that is why these stories are so interesting at these copper prices and people they're taking notice i can assure you the larger companies are knocking on doors they're kicking rocks they themselves want to replace reserves because they're anticipating for a very boom uh boom decade in copper demand well no i know you're right because when i listen to bloomberg i have never heard them talk about copper until just recently and now they're talking about it daily so when it starts becoming mainstream that's when you know that people are watching so very very strong sign that there's more big things coming for copper and for copper bank can you give us a breakdown on how much copper bank has in the bank and what some of your capital raising goals are for the remainder of 2021 i know you said you don't need to raise any capital will you look to raise capital if it's under the right circumstances this is a great question for greedy retail investors they would they should be asking is there another financing coming and they're going to get diluted out is there going to be some cheap warrant we don't do that rich look at our trajectory look at our history we've always raised capital at a premium to the market and we did it without warrants we just closed the financing i've got enough capital to get me to the end of 2023. sorry to the end until the middle of 2023 and when we allocate these funds our holding costs are very low i'll put it very clear to hold our project in nevada 40 000 a year to hold our project in arizona 125 000 a year our g is low we don't even have an office um our salaries are extremely low we have enough capital to last until we want to drill but first i want to present a whole litany of positive news based on this the work that we're doing on showing where we would like to drill and i can say positive because we're just simply going to reinterpret historical data people can look at this this has all been released in uh previously we we know what's been drilled and now how do we augment that and so um no unless we see some serious share price appreciation i don't see anything happening if our share price goes a bit lower we would be happy buyers of our own stock we've done this since fibrous since five years i will say one more thing about the copper price the copper prices rolled over here a little bit from 435 down to 410 and it could go to a little bit lower perhaps nobody wants to pay high copper prices all the fabricators around the world and when the copper price went up so high so fast this became the easiest short term short trade for for for these type of traders and that of course fabricators are very happy to pay a little bit less for their copper that's only going to last until it lasts because business is good they all need to procure for the next decade six percent keger growth rate at least you know this only works i would suggest to people days and weeks but not months and quarters so it'll consolidate but we will eventually in my opinion have another up leg because the we're not going to be able to make future projects economic unless the coffer price does go higher what's the main goal for copper bank in 2021 that you want shareholders to know about today before we say goodbye well it's news we're going to drive a lot of news so depending on you've got two types of investors in your audience you've got the traders hopefully i've captured their imagination to look at this consolidation because when it goes it's going to go and then you've got your longer term players and we want to augment our historical studies we're going to be delivering all this all these results to the market and then we're going to present what i believe are going to be very exciting very sexy i should say drilling programs to augment and increase the confidence and size of our historical resources so that's our focus our focus is to is to accomplish this and then we will address those people that are interested because what we own is very rare when you're talking about the future of copper mining and i can tell you i know where all the copper projects there's only about 20 of them that are being built right now around the world they're in the philippines sorry then russia kazakhstan mongolia chile peru and congo and one in serbia miners want to be in arizona that's where they want to be and so who's got a large project that's elephant country in a good location with a big private property component that's in the famed copper corridor not many stay tuned everyone this is going to be a very exciting 2021 for copper bank and and for copper what is the best way for shareholders to get in contact with the company people should be following me on twitter i post a lot of very actionable very um very important information on copper my twitter handle just plug in my name and you'll see me there and of course they should look at that chart i put up today but they'll continue to see me put in these hard to find but very important data figures that relate to energy and copper so that's that's the best place to find me but of course people can go to our website they can register there and get on our information list and that'll they'll be updated on all the news that we deliver to the market and i also encourage people please watch our insider buying watch at these prices we will be one of the most active i think uh smaller market cap companies with insider activity gianni always a pleasure to have you on the show guys remember rich tv live is strictly for education entertainment purposes always do your due diligence always do your research before you invest in anything that we talk about here on rich tv live consult with a financial advisor i believe once you consult with a financial advisor you will find that the projects that we're talking about are very high in quality this is a very high quality project really excited to see how it goes if you guys like the video please smash the like button comment down below share the video everywhere and subscribe if you're not winning you're not watching we bring in the winners and we bring them to first cover bank's already been a winner for our community congratulations to members all over the world and in my opinion it's just getting started gianni have a great day thank you for joining us today yes once again thank you thank you guys for watching have a great day everybody