RE:RE:RE:RE:RE:Will TKO Be A Better Play Than IVN In 2024...?cashtango00 wrote: Perfect, buy all the TKO you can. Margin if you can !
Enjoy your .26% head grade, your much higher and rising cash costs ( don't forget to pay your massive increases in Carbon Taxes coming on Diesel which is your highest marginal cost) , the fact there is pretty much no exploration or production upside at your one operating asset, and the fact you are producing almost no profit at 3.80 Cu.
If you wait, you can probably participate in the big equity financing coming to raise money for the Arizona play that should be a massive dilution. Then should take about 10 years to build with plenty of cost over runs and supply chain issues.
As for your best juristiction charts, thats hilarious. Alaska is # 8 and NovaGold has literally been permitting for over 15 years and still going. BC at # 15.......no one can build anything in BC related to resources anymore. It is completely controlled by socialist environmentalists and first nations groups. Too funny.
I haven't seen a post this ignorant about a company since Potadvisor's delusional ramblings a couple of weeks or so ago on the TLG BB.
1) The existing operating mine in B.C. (Gibraltar) is indeed low grade but also profitable and generates stable cash flow because it's also an extremely low cost mining operation.
2) Nonetheless, it's the Florence Project (Arizona) that's the key to TKO's anticipated success. You obviously know next to nothing about this project which I will now correct with accurate information you obviously either chose not to research or simply ignored before embarrassing yourself with the above post:
1) In-situ Leach Mine. Thus:
- No pit digging
- No piles of rock to dispose of
- Low cost
- Very environmentally friendly, which makes your comment about "...massive increases in Carbon Taxes coming on Diesel which is your highest marginal cost" actually show one of the key advantages of the Florence project.
2) Fully permitted and about to begin the construction phase of development.
3) First copper production scheduled for 2025, far sooner than your random guess of "...about 10 years to build...(2033)".
4) 22-year life of mine with an average estimated LOM cost of $1.11 USD per pound.
Moral of the above: Next time, at least try to do some research on a company before posting. Otherwise, you can get taken to the woodshed by informed people like me as demostrated above.