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