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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

Post by dcjones4396on Nov 22, 2020 1:02am
914 Views
Post# 31948265

Bergot's Presentation

Bergot's PresentationListened to the whole presentation and came away relieved. Absolutely no mention of any difficulties at Gib. In fact, he reiterated they have every intention of hitting guidance. They remain completely confident in obtaining all necessary permits and financing in Q1. He mentioned that the J.V. plan is to sell a 10-20% stake in Florence to meet their needs for build out Capex. Further, he explained why the permits are a few months behind, that is, Covid related issues within the EPA that threw everything for them behind. In regards to the recent PP, he stated they thought long and hard before pulling the pin on the deal but did so to guard against a Covid shutdown at Gib (and / or any other unforeseen event) and wanted to ensure they have enough needed funds to advance Big Flo in any circumstance. Management is very aware of share price decline and reminded it's all about advancing Flo. So, long story short, I remain as confident as ever and continue to believe that picking up additional shares at this point will be well awarded. I have some extra investment cash coming in 6 weeks. If the share price remains under $1 US, I'll be picking up 20k more shares to hit the 350 mark. If a Covid shutdown occurs sending the share price down further, I'll be buying even more. Florence is happening people...believe that!
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