Re Re Re Re The 13FAgree with all predictions. Remember when Taseko purchased YMI. For those who read the agreement end to end, checked and rechecked, it became a work of art, and was described as a hard locked agreement. But it was a work of art
The Qtr2 results were magnificent, even with a copper selling price of $2.42 thruout, and a semi annual bond interest of $15Million
The Qtr3 mining activity is expected to sister the Qtr2 production. But the Qtr3 financials will be the Qtr2 financials plus $15 Million [ no bond payment ], and plus any copper selling above Qtr2 of $2.42. We are half way thru Qtr3 now, with copper running at $2.90, and about 35 mining CME days ahead. So Qtr2 topped our bank account to $64 Million. Qtr3 looks from all angles, to be spectactular.
So where's the threat to all this. Qtr4, our winter Qtr, is expected to return to life of mine average. To defend Qtr2 & Qtr3 banked cash, the efforts of Qtr4 have to stay inside Qtr4, including the $15 million bond payment. That's the mission of the Qtr4 copper put @ $2.60. This action is as important as the YMI hardlocked agreement. It also speaks that we will be building the Florence as the ink dries on our last permit.
Oh Boy!