In this episode, we sit down with Nick Appleyard, President and CEO of TriStar Gold (TSX.V: TSG | OTCQB: TSGZF). Following a recent news release regarding the ongoing court case in Brazil, Nick provides essential clarity on the status of the LP environmental permit for the Castelo de Sonhos project. We dive deep into the legal proceedings, the nature of the contested facts, and the potential timelines for a resolution that could significantly re-rate the company’s valuation.

Key Discussion Points:

• Current Court Status: Nick explains the “evidentiary phase” of the court case, where parties are submitting contested facts and the judge is determining if independent experts are required to reach a final truth.
• The Indigenous Consultation Issue: A look into the central dispute regarding the proximity of indigenous groups; Nick clarifies that the nearest groups are 30km away, upstream, and separated by a mountain range, making any environmental impact scientifically impossible.
• Potential Outcomes: Discussion on the four possible paths forward – a direct judicial ruling, further expert examination, a judge-mandated negotiation, or an out-of-court settlement with the federal prosecutors.
• Project Value vs. Market Cap: A comparison of TriStar’s current $110 million CAD market cap against the project’s post-tax NPV of over $2 billion USD, highlighting the massive value gap created by these “artificial” legal delays.

Click here to visit the TriStar Gold website to learn more about the Company and Project. 

Email me any follow up questions for Nick – Fleck@kereport.com. 

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Investment Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.