Taseko Mines Ltd T.TKO

Alternate Symbol(s): TGB

Metals & Mining Copper

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.

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Taseko Mines Ltd > Copper ceiling look

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Comment by nofluffon Mar 15, 2024 11:35am

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Post# 35934962

RE:Copper ceiling look

Some speculation. Let's b generous and say that warehouses and factories have 1 million tons to use up.

Now let's be realistic. Let's b conservative and say over the next year we use 10 thousand tons more than produced per day. In 3 months we have 0 to draw from. Who will have to quit buying. Those that have not secured contracts for premium over spot price.

Those ones will have to throw spot bids on at higher than premium, driving spot up. It is inevitable that some will have to quit. Half the feedlots in NA are empty. Price can not quickly fix supply in either beef or copper.

People can choose to eat cheaper meat. There are few alternatives to copper.

Nf

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