RE:RE:RE:nav verses ravYou r thinking along correct lines not. I will spin a bit of history 4 u not.
Taseko was mined decades ago by another corp. That corp did most of the stripping on 5 low grade pits and mined the near surface material on a 45 thousand tonne per day mill throughput.
Peak copper never hit. The operator shut down and left a quite a few million in the bank for care and maintenance. Taseko came along and had a look.
They made a deal. They got the mine, the money, the mill, the huge carry forward tax writeoffs.
They started the project up again timing it perfect. Copper went up big.
They wooed russ from teck. He immediately sold 25% to a sino taker and doubled mill size. Currently there is 18 years left. 3.00 copper gives them about 100 million per year free cash. There is more resource to add, so mill will likely never b moved.
They used the hundreds of millions of profit to go to a very rich find. Spent about 250 million defining one of the richest copper gold plays in the world.
It got held up do to politics. They r in negotiations now. If new asset value was done at todays prices my guess would b 4 billion. Hoping for resolve soon. Capex for mine will b about 1.5 billion.
Gib continied to provide free cash. So tko took over florence insitiu deposit.
They mostly took it on share swap. Then spent about 50 million proving it.
100 million pounds per year capex will only b 300 million cads to build.
Double profit to any good mine today. 3.20 copper over a billion asset value before tax.
At the same time, they spent about 100 million of gib cash on greenfield
niobium deposit. Proved up high grade and the second largest deposit in the world. I would guess minimum value 1 billion.
Finally, They secured 100% of ymi a 100 kilometers or so from there gib mine.
Very rich core. Almost no stripping. 2 florences 4 sure. Asset value 2 billion.
Mill capex 1.5 billion. In permitting process.
Hopefully that paints a fairly complete picture.
Time for 3rd cup yergecheffe and a check on markets:))
nf