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