Taseko Mines Ltd T.TKO

Re Stuart Interview

[copperminer]

Thought the interview was very even and steady, sticking to the known facts, What I found to be new was the interest from metal product manufacturers in considering a joint venture. Lets one know that we really got something in the Florence. Even a group of manufactures could deal. What an opportunity for all.  

The reference about the permit issuers wanting futher mitigation before permit issue is a speculation. We have been surrounded with State and Fed investigation for over two years. That was the whole reasson for the plant and well pod being built, show and tell

Go Florence

[2024golden]

There is a brand new ZOOM presentation from this afternoon with Brian B available now....he is talking of 25 - 30% jv for Flo. He talks like final permits are a done deal by early Q1, and financing right behind. Probable timeline for late 22 /early 23 Flo production!!!  There should be a pretty good cash injection for that jv % at Flo at these copper prices...we will see! Also says they

[dheadley]

Got a link? I doubt Brian would say the permit is a done deal. That coud get him in all kinds of trouble if things don't pan out.

[CdnScorpion]

In the Stuart Interview it was mentioned that the NPV of florence is $700 million, so if we are doing a JV for 30%, we had better be getting around $200 million, which basically pays for the upf front capex. Selling 30% for $100 million is way under pricing it.

[nofluff]

We already sold 30% for 30 milloon on pp Scorp. So not going to get 200 million for the next 30%. The vultures r circling. Bankers lined up at ncu to compete for the opp. No one will touch tko. Looks like we will sell at best price available. I would now b happy with 250 mil for 50%. That would value flor at 500 mill. So sh vould get close to a buck move. If I get 2.50 quick, I am gone. nf

[nofluff]

It was actually 30% for way less than no cost.  Yup!!!! nf

[nofluff]

But kers keep it generous. nf

[CdnScorpion]

Well that's the big difference, I am not here for a quick buck and trading in and out. I am here for the long haul and prefer slower growth that actually benefits the long term. Unless the actuall deal involves something like a 30% jv now, followed by selling the remaing 70% at it is is up and running to pay for the majority of Yellowhead build out, we should take advantage of the high Cu

[nofluff]

U got that right scorp. This has become crazy. nf

[BigCountry]

Don't worry, management will get us the worst deal as usual.

[JCSunsfan]

He said it in the interview.  They are expecting $100- 125 million us from a jv.  They are going to finance the rear with cash on hand, financing and maybe a little further dilution.  He said it.  The only question is what percentage will draw that much cash.

[fishmillion]

200- 300 million jv for 75%.. " expecting" in tko speak means absolutely nothing.....

[nofluff]

Hey jc. I missed the part about paying 4 the rest of florence with cash on hand. When asked that question is when he started to squint and choke and talk in circles from my memory. I do not remember him mentioning anything about financing. That is what these boards r about though. I remember the small equity raise. What is he attaching small to? The money raised or the float increase?? I will

[JCSunsfan]

23 minute mark. Capex at 230 million 20 year mine life 80 million pounds a year 40% IRR 25 minute mark.  The $25 raised is for more detailed engineering to prepare for construction, continued operating costs for the test facility, some working capital for financial health. 26 minute mark.  Does not believe the value of Florence is included in sp so further dilution now is dangerous

[JCSunsfan]

Sounds to me like he was saying 20% for $100-125 million.  That's probably optimistic though.

[nofluff]

Yes jc. I am being optomistic. No money will show until all permits r in place. I was thinking 125 mill for 20% was high after the 30% give away for nothing. But perhaps high copper prices and some common sense will kick in. I firmly blieve if tko could get 250 u.s. for 40% that would be proper. That should give us a quick buck sp increase along with some gib traction. As tko management keeps

[JCSunsfan]

I kinda assumed that the additional engineering cost was about optimizing the build on the production facility rather than getting permits, but I was reading between the lines there.  He did mention the additional engineering costs when he was talking about the build out. 

[nofluff]

Only time will tell the truth. At any rate there will b little left 4 long time tko sh what ever happens.  If it gets built and 12% tko pipeline sale for 30 million all gets applied to florence and if I am generous sh lost 30%. If a jv gets done at 125 million for 20% that  brings long time sh florence value to 55%.  What % will the last 130 million cads cost sh. 20%?? So after

[JCSunsfan]

The benefit is that Florence puts out copper cathode so it's more usable for manufacturers and does not need further refinement.  I am not sure how that impacts return.