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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 fishmillionon Jan 28, 2021 12:34am
204 Views
Post# 32406788

The reality

The realityA few concerns... looks like they got 145 million for general corporate purposes.... i would have hope they would have stated they earmarked all for flo ( read closely....)but they did not.. even if the unlikely occurs and they use all for flo they will still need about 200 + million to construct. 2. The 7% for a secured bond is steep...is basically a 7% dividend....but is what it is..... 3. Here is the big risk. .. they are now even more leveraged so if copper drops or continued problems at gib....then pressure mounts....remember under a best case scenario flo is at least 2 year from producing positive cash flow..... tko blew a ton of cash in Q4.... 2 years can be a long time.... bondholders now call all the shots
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