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Speaker 1: Other than finding close to nine thousand grounds for a

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ton silver over four grams gold and channel samples, we

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found the presence of arsenic and that's really important and

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in gelogic that gives you the indication that the precious

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metals now is below. So we feel like we have

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this five hundred meters of elevation really trapped in where

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we're going to find our top intercepts. So we're getting

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really excited and to get back, get back the drill,

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get it out, get this thing going again, because the

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entire sector has been in hibernation mode and it's time

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to go on the offensive. The Financial Survival Network now

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more than network, the Financial Survival Network, and welcome. This

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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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from a company that we used to work with pretty closely,

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but we bumped into each other a while ago. Wanted

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to get Peter Dumbickie on CEO of T one Silver

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and Peter, it was great to see you go down

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in Florida and figured it was time for an update,

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even though we haven't done much together recently. I just

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wanted to make sure that the FSN members who've some

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of whom have invested in the company get the latest updates.

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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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you know, for all of your loyal followers and supporters

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of Tier one, it's important that you know we haven't

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gone anywhere, even though the market has been less than

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fun the last few years. You know, when capital gets

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pulled out of these kind of venture markets and risk

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gone goes away for a little bit, it gets tough,

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and it's been an extremely humbling experience being CEO of

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a company in this sector. But it feels like, you know,

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there's a pulse. Things are coming back, and you know,

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didn't think my phone was working at seventeen dollars. Silver,

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you know, got a couple of calls incoming when it's

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you know, twenty five twenty six April May was a

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nice little bump. It felt like we were on the verge

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of something there it cools off over the summer, but

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here we go taking the next leg up. This one

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feels different just because of the move that Gold is

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put in. So it really feels like Silver is going

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to start playing serious catch up here and we might

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see that whipsaw higher in a big way. So Tier

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one itself for those your newer listeners, we're you know,

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an aggressive exploration company focused on finding the next world

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class silver discovery based in Peru. We had a tremendous

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first pass of drilling when we launched our program almost

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three years ago and came out with plus kilos silver,

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good grades of gold, and the potential for a big

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copper orphrey discover as well. And then then the markets

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you know, pulled out from under our feet and it

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was it was survival mode, to be honest, but we've

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gotten through it. We never changed the thing. It's one

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hundred percent on project. We leaned out and now we're

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back on the offensive. So really, for a reminder on

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the project, we came out with extreme high grade early results.

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But really we've hired these two world class consultants to

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come down to our property and say, you know, give

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us an unbiased view of what we got in our

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hands here. They both came back and said, you know,

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this is a story about elevation. It's a story about erosion.

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You know, all of your top intersets came around nineteen

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hundred meters and elevation. And again you ask any Peruvian

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about that elevation, they call it beachfront because these guys

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are used to operating at you know, five thousand meters

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in elevation, so nineteen hundred meters about the same elevation

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as Denver, Colorado. It's very accessible, close to the coast,

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close to the highway, great terrain to work in. But

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with our drill results, we were hitting very very shallow

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but not depth. So where are we going to go

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to find our kind of meteor intercepts that were really

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going to put us on the map. And they said,

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if you go north on your property to this Kimbai

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acord or there's another five hundred meters of elevation that

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you can attack that has not yet been eroded away.

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So we ran up there. Over this past year, we

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did lots of testing, mapping, channel sampling, rock chick sampling,

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and just came back a couple of days ago with

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our results, and you know, it really nailed the thesis.

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Other than finding close to nine thousand grounds for a

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ton silver over four grams gold and channel samples, we

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found the presence of arsenic and that's really important in geology.

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That gives you the indication that the precious metals now

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is below So we feel like we have this five

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hundred meters of elevation really trapped in where we're going

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to find our top intercepts. So we're getting really excited

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and to get back, get back the drill, get it out,

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get this thing going again, because the entire sector has

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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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I mean, drilling is not cheap anywhere in the world,

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and so we need to recapitalize before we bring out

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the drill. But it's looking pretty good. So you'll be

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hearing lots from us in the near future here. But

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we really want to go attack this thing. We can

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drill all year round at sight, so it's three weeks

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heads up to all the contractors to get going. We're

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fully permitted, drill permit, environmental foot permitted, Social Agreement was

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just re signed, which is so important, especially in South America,

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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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a little capital to get us going. And and we're

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looking to do another thirty five hundred four thousand meters

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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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pretty favorable. I think it gets painted with the same

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brush as other countries that have been restricting the mining,

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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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a call, you know, two and a half years ago,

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and we might not be taking the same thing. I

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was telling, you know, investors to hold on, not to

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worry because you read in the papers about you know,

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turmoil in the streets, blockades of mines. But as my

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Steam colleague and famous geologist Christian Rios, who's on the

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ground in Peru, he's like, Peter, just wait a few weeks.

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You know, these protests aren't grassroots, passionate protests. These things

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have an agenda in mind, and it's politically based. It

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involves Bolivia. There's a lots going on. Anytime a new

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cabinet minister and a new president gets appointed, the ministry

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of mind shifts and all new appointees come in. And

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who doesn't like that story, and that's usually the illegal

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miners in the country because it's usually job number one

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of the president. You get rid of legal mining. So

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who's funding these protests? And there's always somebody who benefits,

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you know, anytime we see these kind of protests happening,

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So you wait out a few weeks, people stop getting

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paid to cause ruckus and things go back to normal.

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And so for the past year and a half, it's

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been extremely boring, which I love. I love boring politics,

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and I know we're not used to boring politics and

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in North America, but it's been really nice. So Dina Blarte,

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the former vice president who's now vice or now president,

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sitting president, very centrist, not making any big moves, which

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is great. There is an election next year, but the

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front runner is in place right now, are are centrist

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or more right wing, So it's looking like through Pendulum

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is kind of swinging back to the center after a

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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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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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And since I've been CEO of tier one and you're

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exactly right. Just just wait a couple of years. Don't

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get used to it. But you know, as one of

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our bigger shareholders, Ross Betty and a famous investor and

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has lots of operations in Latin America and especially in

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Prue says, politics and Peru is a short term game.

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Mining is a long term game. Don't sweat it. And

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anytime you do see turmoil, you know, improve politically. Take

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a look at the big producers, see what their share

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prices are doing. And usually they don't budge. It's because

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the real money knows that nothing really is going to

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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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Now we had Silver hit thirty five books, which is

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a key psychological mark. It broke resistance somewhere between thirty

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two fifty thirty three point fifty and right now it's

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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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Psychology and investing plays a wicket game with you. You know,

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my former background being an investment advisor, I know all

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about it. You know, people won't want to dig into

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a company that they really like or take that risk.

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But once it moves up ten twenty thirty percent, then

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they feel comfortable it's on the right track. But they

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could have had a huge discount if they if they

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came in earlier. But again that's the psychologics psychology of it.

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But here we are, Silver's you know, making its move.

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People are now taking a look around and saying, okay,

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what's what's my top silver holding is going to be?

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As far as a producer, a developer, and an exploration company,

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I want grade, I want good jurisdiction. But most of them,

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and foremost is I want good people. I want good

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management that knows how to run a good company. And

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that's where we really stand out. Yeah, totally, I couldn't

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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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I mean, there are so many arguments, and I'm sure

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you and I have gone down the same rabbit holes

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with all the big silver bugs out there saying, you know,

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one hundred dollars silver or one thousand dollars silver. There's

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reasonings for it, but as we know, nothing goes up

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in a straight line. So we had a heck of

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a run to get to thirty five. Let a cool,

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let it settle a little bit, and let's take the

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next leg up. It only helps company like us, you know,

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even though we're exploration and we're not producing the metal.

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There is a fantastic correlation to silver companies and the

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price of silver. And again, people really want to find

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their next silver investment. I just came from a conference

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in New York City and silver is very, very topical.

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As we've seen other sectors kind of peter at a

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little bit, you know, lithium and copper's taking a bit

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of a breather, but silver is on the front of

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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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gap be a little off. But really, when you go

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back and you see that gold is certainly nominal highs

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in the mid twenty seven hundreds, silver hasn't even it's

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just approaching it's sixty five percent of its all time high,

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this seems like a dramatic misvaluation or underpricing by the

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market for sure.

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Speaker 1: And you know, when you go through all your technical

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skills and looking at where silver could go, so many

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things come in mind. Interest rates, getting cut. Well, we're

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going through that process right now. We should see more

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cuts coming in the future. We have obviously a big

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election coming up. How that sways things, I'm not sure.

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We have a very very strong US dollar at the moment.

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Depending on who gets into the White House, that could

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change things dramatically. And all these things, you know, act

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are perfectly correlated adversely to the price of silver, and

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just the fact that silver has a lot of catch

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up to play. We look at that gold silver ratio

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over time, I forget what the mean is. I think

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it's around sixty sixty to one. I think we're hovering

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around eighty to one at this point, So a lot

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of lot of room to go on Vario. You know,

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many different metrics for silver to take another leg higher.

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So I think we all know it's head in that direction. Yeah,

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not a question, is never in doubt, and it's pretty

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exciting to watch. But you know, the market moves when

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the market moves, So in any event, you definitely want

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to go over to the company's website sign up for notifications.

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You can monitor the drill program once that resumes. It's

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Tier one Silver dot Com ticker symbol us ts L

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VF and of course in candidate ts l V Peter,

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thanks for stopping by, appreciate the catchup. We'll talk to

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you again soon. Thanks Kerry, the Financial Survival Network