Speaker 1: We're not looking for low rid copper. We're looking for
high grade copper and quality copper, and that's what's harder
to find, and that's what's going to solve, you know,
or help solve some of the demands for copper. So
quality copper, discoveries, quality copper assets and the time it
takes them to come online as we enter this world
of electrification. It's a metal that should perpetually performed the
rest of my careers in my lifetime, and everyone else
is watching this video, so our timing could be better.
Speaker 2: The Financial Survival Network now more than ever, the Financial
Survival Network ed.
Speaker 3: Welcome. This is Financial Survival Network. I'm your host, Kerry Lutz,
and we are here with Ivan Bebeck, CEO of Copernico Metals,
which is now trading on the TSX that's the big board,
the Toronto Stock Exchange. Ivan, it's great to have you back.
We talked to you recently and this was kind of
a glimmer in your eye. You knew it was, but
you didn't how fast it was going to happen, or
when it was going to happen. Yeah.
Speaker 1: No, it's great to be here, and I certainly wouldn't
have picked middle of the summer to list the company,
but we wanted to get the shares up as soon
as possible and prior to the fourth quarter when the
market picks up generally for junior resource stocks. This has
been a major achievement for us. As everyone knows, it's
been nearly a decade. We are in the middle of drilling.
We just started. We're on our third hole and very
very a lot of a lot of learning is going on.
We're very encouraged by everything that's going on with the drilling.
That's what's got us really really excited. As far as
the company's share price, we came out weaker than our
last race, but I think everybody's quite quite well knowledgeable
with the fact that copper was five dollars a pound
back in May when we did the raise that was
the peak of the year so far, and now seeing
copper at four eleven on its way back up, it's
perfect timing for us to get going and get started
with the marketing and the engine of all the catalysts
that are going to drive this company forward. That will
all start in September once we cross Labor Day. In
full of fact, we're at Beaver Creek and then we're
off to Europe and several other marketing trips and conferences.
And what's leading that charge carry is just the expiration
potential and the opportunity as well as you know, we
hope to have some of our first results back in
late September onward. And that's going to be one of
the more catalyst rich juniors out there in a company
that's extremely well financed right now with working capital into
twenty twenty six, which.
Speaker 3: Is exactly where you want to be, so you don't
have to worry about the market and timing and all that. Yeah,
we're in the middle of the summer. It's kind of
the summer dull drums, but the market it was pretty
exciting a couple of weeks ago. But hey, with copper
moving higher, quest it is gold just broke twenty five hundred,
When is copper going to break five bucks?
Speaker 2: Hey?
Speaker 1: Great, great comment, and I'm glad you brought gold into it.
And gold is the most emotional metal that generally leads
our entire sector. And for what I've seen in my
twenty five years, when gold runs, all metals tended to
catch fire with it. We've all heard about a rate
cut coming in September. You know, this is good and
bad for the outlook of copper. Obviously, price of metals
go up, but people are concerned of a slowdown in
the economy. The driving force behind copper though, is a
lot to do with supply as well as it is
to do with demand. You know, this electrification has started,
it's not going to stop. You know, the planet going
towards electric vehicles and a more electric society. So the
demand for copper is going to be great. It's come
somewhat uninterrupted, but it's going to go through waves. I
think as far as a natural resource investor, and you've
got to look at a catalystic events that's going to
really underpin the sector. What's going to really turn the
sector on, and one of those metrics is certainly price
of metals and gold crossing twenty five hundred. You know,
with the rate cut and in the background tier and
a couple of wars that underway, I think we could
see a lot more out of goal. But we did
see what happened when the price of copper was five
dollars a pound. I was incredible robust market, the interest
globally for copper assets and even in the equities was
quite substantial, and I feel we're heading back there either
late this year, more than likely sometime early or mid
next year as we go into a deficit on copper supply.
You know, there's always risks and variabilities with metal performances,
but right now things are turning back in the right direction,
and I think it's going to catch us perfectly with
our droll results that we have on our project. So
timing is really really positive for the entire sector. If
gold does catch fire and people do make that leap
over into the section. The generalists people that I'm referring to,
it's a very small sector. There is not a lot
of juniors, there's not a lot of majors, not a
lot of mid tiers to buy. And if you take
a fraction of the capital that's investing in public today,
this is a very small sector with a lot of
capital that will come into it. You commented a week
or two ago, we saw a good lift, we saw.
Speaker 3: Lyft in May.
Speaker 1: We've seen these waves of where it almost is starting
for the past few years. It's kind of like a
golf game when you're playing allows you around of golf
and you have a good shot, it keeps it coming back.
That's kind of the treatment we've had from the resource sector. Obviously,
I love golf and I know that well, but as
far as where we sit today right now, I think
we're on the cusp of the start of a pretty
significant breakout based on macroeconomic pictures. And I think the
copper part is very special because of how long it
takes and how hard it is to find a sizeable
copper asset that could provide global supply. The counter argument
to that is there's a lot of low grade copper
in the world. We're not looking for low grade copper.
We're looking for high grade copper and quality copper, and
that's what's harder to find, and that's what's going to
solve you, or help solve some of the demands for copper.
So quality copper, discoveries, quality copper assets, and the time
it takes them to come online as we enter this
world of electrification. It's a metal that should perpetually perform
the rest of my careers in my lifetime. And everyone
else is watching this video, so our timing could be better.
Speaker 3: Yeah, And if I could strain the golf analogy a
little bit more of all the players out there, Copernico
has one of the lowest handicaps of any company.
Speaker 1: Yeah, it sure does, and we've triple bogie on the listing.
But we're going to look to hit some brady fear
in the coming months as we go into the fall.
And I think if you want to quantify that common
you look at the scale of the opportunity, the experience
of the management team, the level of depth on the board,
but also the longevity of the treasury. And that's really
been the story in the junior sector. To look at
how a lot of these companies have traded or not
traded well. The disconnected share price generally has to do
with the need for capital or that's been from a
fundamental value or a speculative opportunity. But I feel strongly
that once rates start coming down, we're going to start
to see a tremendous amount more of interest in the sector,
with more speculative capital coming back into space in a
sector that's really really suffering from supply issues.
Speaker 3: It's understandable that investors are wary of the sector, you know,
based on what's happened in the past, but I agree
with you when you look at electrification. There's just no
substitute for copper. We don't have enough of it. And
what I'm expecting to see within the next two three
years is an acceleration of the entire licensing and permitting
process across the world once once the powers that the
figure out that hey, we don't have enough copper, there's
an imminent supply shortage coming, and you know the price
of all those battery metals is the just going to
take off from there?
Speaker 1: Well, it's a good point, and thanks for refreshing that
point there. You know, the environment to make a copper
discovery couldn't be better. And the fact that we're actually drilling,
not getting a project ready for grilling, not waiting for permitutes,
I think that's outstanding. The fact that we actually are
turning to drill as you and I are speaking here,
because timing is critical and we want to catch the
timing perfectly as we start thrilling and possibly start finding
this copper discovery that we're after. So being ahead of
the curve and having spent the heavy lifting in terms
of time and capital to get to this point and
to actually have a drilled turning as we were so
close to a big copper market I think is outstanding,
and that's the big opportunity that we offer our existing
shareholders then any new shareholders, besides the discount on price
that has come up from the IPO, as far as
that this company was sput out three years ago, and
obviously there's some needs for capital around sector. There's obviously
some fatigued investors, and you know, those that are staying strong,
which is the majority. It's rare. Glad to have you
guys on and those that are looking at it from
the side. We are extremely well funded, drills turning, and
very catalysts rich you know, by the right reason of
the right the best catalyst. And we can't wait to
get on the road here once we turned the corner
into September. So looking very forward to the coming months
here and the first roles to come out of the project.
Speaker 3: Yeah, Son, of the first drill holes. You got an
idea of when we might start to see results, That's
a great question.
Speaker 1: I have an idea, but I don't want to pin
myself to time. If it's not a material hole, we're
not going to We're not going to announce it. We
will wait. We have our first material holes from the project.
So we're going to be patient with the drill bit.
We've got thirty holes funded, we have treasury into March
of twenty six. We can obviously adjust that ratio and
drill more holes where permitted, to drill forty eight holes.
But yeah, I would say, you know, in a great
case scenario, late September, early October, possibly sooner, but that's
realistically the idea that I would say, to look through
some updates on drilling by that timeframe, and that would
time perfectly with us getting on the road and starting
to really tell more people about the story.
Speaker 3: Yeah, and you pretty much know where you're looking right
based on the historic drilling that took place and your
own preliminary work there.
Speaker 1: Yeah, there's seven kilometers of targets to test, which is substantial,
is huge, and we are learning and understanding how big
the system really is. And we see a lot of
evidence of copper as you're aware, on surface in many
different areas and projecting to potential copper Beney surface. Obviously,
grade width and economic potential is to be figured out
with the drill bit, but we have some incredible targets,
and not that we need them, but we're finding additional
targets as we learn more with the first droll holes
into the system. This is really a drill for knowledge
and go for it. You know. On the copper side
of things, we are chasing a scarn first, but we
are seeing potential evidence for a poor free to exist
as well. It's kind of the best of all worlds. Now,
it's just about the drill and waiting for those first
holes and seeing how they come together. But we have
so much real estate to test here. The thirty holes
won't be enough to test the full seven kilometers. I
can say that right now, and I believe strongly that
we will droll well past that. But there are some
really really robust targets that we're going after, and the
geology looks looks really encouraging, so we're really excited about
how it's going.
Speaker 3: Yeah, it almost becomes a problem when you have too
many targets and then you got to start picking them.
Speaker 1: Right, well, you got to drill them all, you know,
in this case here, based on the environment and the
scale of the opportunity. That's how we feel. And you know,
I couldn't tell you which it is the best target
yet that's going to come from the drill bit and
the back of the thirty or forty holes that we
drill in this first phase. I will say the fact
that we have that pipeline, we're very very target rich.
That gives so many more opportunities to miss and to
hit right, and I expect both. I don't think all
of them are going to be there. I think there's
going to be some that are surprises both positive, and
some they are going to be missus. That's how scarrings work.
But right now the system looks really really encouraging and
we're really excited to be drilling it.
Speaker 3: All right. Well, hey, I appreciate the update. Ivan, great
to hear that the stock is finally live and trading.
You want to go over to copernicometals dot com sign
up for notifications so you can get the latest when
the drill results start flowing and the feeling they're and
a flow fast and furious. Ticker symbol on the t
s X is co O p R. Ivan. We'll talk
to you again soon and get the next update.
Speaker 1: All right, thank you very much, look forward to it.
Speaker 2: The Financial Survival Network