RE:RE:Taseko Mines Extends Copper Price Protection Strategy -Pressnofluff wrote: That is why I am trying to get down to 100 thousand tko. My morning wins on my other copper stocks just covered my mornings tko losses.
The put news along with copper price is the reason tko is droping. The fact that tko fiund a taker for 3.75 put bodes well for copper price optomism.
The fact that tko just had 3 months of 4.10 copper and 3 more months of 3.50 Copper protection, years average minimum should b 3.75 u.s.
Guidance is for 125 million pounds. Tko share 93 million. Convert 3.75 to cads and it is 4.65 copper minimum 2021 price.
So stuart said 165 mill ebitda. 125 mill after interest. So about 1 u.s. dollar per pound free cash. That is 2.75 c1.
What happened to the low c1 guidance?
Feel free to correct my numbers.
nf
There is no way their c1 will be as high as 2.75. Never has been that high before. My guess that all the numbers are USD or something like that. The cost of the puts has to be figured in of course.