Taseko Mines Ltd T.TKO

Stuart MacDonald interview

[JCSunsfan]

https://www.youtube.com/watch?v=d_6C34eus8M

Ok.  I listened to it carefully.  Takeaways:

NP is dead.  Dead, dead.  There was no indication about ongoing negotiations even.

The minority partner they are looking for with Florence is not a miner but a company that consumes a lot of copper and wants direct access to the raw material as a hedge against rising copper prices in the future.  He specifically mentioned EV.  I can only think of one company that fits that description.  Tesla.  Kinda makes sense and it would be an Elon Musk type of thing to do. For a company like Tesla, especially withs batter technology to have its own cathode copper source just a few hours away would be a strategic coup for them.  Who else could he be talking about?

Now think about the attention TSK would get if Tesla became a JV partner in this project. 

Stuart did say that he does not believe that Florence is factored in the share price effectively and that is why dilution is dangerous.  No kidding.  And you did it anyway.  

He talked about raising $100-125 Million USD from a minority investor.  He did not say what percentage of the company that would require.

He mentioned finishing out the CAPEX with some small financing or potentiall a small "corporate level cash raise."  You know what that means.  More dilution, but only after Florence is approved and the JV is in place.

Sorry.  No pollyanna for me.  Some positive, some negative here.

[JCSunsfan]

Just the EV portion of TESLA is projected to need 90 million pounds of  copper a year. https://midasletter.com/2020/01/copper-how-teslas-biggest-ingredient-could-make-you-rich-in-2020/ Let's say that Tesla is going to pay 3.50 usd a pound on the open market.  Thats a $315 million USD cost.  So a 20% stake in Florence would give them 16 million pounds a year at $1.10 instead of

[2024golden]

I dont think you understand JV...if someone buys 20% share, they get 20% of production...there is no payment of $1.10/lb.... It should be VERY easy to sell 10% jv for  $100M ....less than 3.5 year payback, then gravy for another 16 years!!!

[Newbern]

Stuart also mentioned the recent PP has the money going to Florence specifically. This was one of my concerns and for many others I suspect. This was a candid interview. The questions were clarifying.

[nofluff]

I respect your thoughts newbern. You must have watched a different interview. The qs were pointed but limited fir an hr. long interview. The answers were vague. Florence was the focus. Clearly, the pp money was for florence. It was earmarked for pre minebuild engineering and ptf operating. So this apears to be capex on top of 250 million u.s. to build the mine. For many qs now we have been told

[nofluff]

So pre minebuild engineering would tell me. That after millions spent on engineering, permiters have asked for certain environment mitigation measures and this us why no permits yet. The permiters did the same at ndm pebble. They rejected permit on grounds mitigation was not good. I can not c anything big or unfixable at florence. nf