Post by
copperminer on Aug 30, 2020 8:08pm
Rogerrooth
It has been estimated that if a mining go ahead deal re the New Prosperity is announced, that it would put immediately $5.00 on our SP, and that's for starters. So 240,000,000 Taseko shares @ $6.00 = $1,440,000,000. That's how important all this is. And that's why we have a news blackout.
So what's different now, since the last decade plus some years?
Forestry is basically shuttered as compared to prior times
BC government instigated talks between FN and Taseko approx last March. Gov wants the mine to go in This is big time different
Taseko, with FN support, required an extension of the Work Permit for one year. Again this is big time different.
My gut feeling, we will see some sort of a framework between the StakeHolders, to move this mine ahead. And within the timeframe of the above mentioned Work Permit
Just an opinion based on pure scientific observation--smoke signals.
Comment by
JCSunsfan on Aug 31, 2020 11:08am
Well. That would make things a lot easier then. Care to elaborate?
Comment by
BigCountry on Aug 31, 2020 10:54am
From what i recall, the environmental plan they submitted for New Prosperity is already sound. The environmental review panel for some reason removed the engineered floor in their own model which resulted (obviously) in something like an 8 fold increase in estimated seepage from the tailings facility.
Comment by
JCSunsfan on Aug 31, 2020 11:05am
I believe that to be true. But they would not reconsider and would not review and court appeals for review failed. Seems to me you can't just resubmit the same failed plan even if the problem was with the reviewers. I am not Canadian and do not quite know about the process. Anyone else shed some light on what the next step might be?
Comment by
JoeStockIQ on Aug 31, 2020 10:04pm
That just proves our previous comment. They know what they have and aren't in any hurry while they build their coiffures with cash from the magnificent trio they're focused on now. Five years from now this will be a solid mid tier miner, depending on your definition. Bottom line is we're still in the early innings of this game. Cheap shares are almost gone for good.