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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including mine permitting and development within the province of British Columbia, Canada and the State of Arizona, the United States. The Company’s principal property is the Gibraltar Mine, which is a copper-molybdenum mine that is located in south-central British Columbia. It also owns the Florence Copper, Yellowhead copper, New Prosperity and Aley properties. The Florence Copper property is located midway between Phoenix and Tucson near the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola area of British Columbia, approximately 150 kilometers northeast of Kamloops near Vavenby. The New Prosperity Project is a gold-copper porphyry, which is located in British Columbia. The Aley Niobium Project is located in northern British Columbia, approximately 140 kilometers north of Mackenzie.


TSX:TKO - Post by User

Bullboard Posts
Comment by Bakocopon Feb 22, 2018 1:57pm
102 Views
Post# 27603593

RE:It's the Copper

RE:It's the CopperCopper price probably won't affect share price in the short term.  Any extra cash flow will just go into Florence and reduce the debt TKO will have to borrow in 2019.  The conference call was very good this time and provided some new information.  According to McManus, the PTF will be completed in late 2018 and will then have to run for about a year to see if they can control the fluids and, in fact, to see if it works.  Then you could start the full production operation which would take at least a year so we are now into 2020 or 2021.  The good news is that even of Florence does not work you have only wasted about $125MM and you still have a very good revenue producer in GIB.  If GIB was a stand alone asset I estimate it would generate about $.40/share with decent copper price and 250MM shares outstanding.  That is worst case.  We are all still betting on Florence to succeed but definitely a long term hold.
Bullboard Posts