Taseko Mines Ltd T.TKO

Tesla and copper

[Notgnu]

So... um... if Tesla wants to hedge copper why not just buy long dated futures contracts?

Notgnu

[fishmillion]

Nutgrew. .. ummm... well... errrr.... elon wants tko.... futures arnt sexy.... you can only get laid in the present

[Notgnu]

I think we aught dedicate him a VIP table at the Yerington "social house."

[JCSunsfan]

https://techcrunch.com/2019/06/11/tesla-might-get-into-the-mining-business-to-secure-minerals-for-electric-batteries/

[JCSunsfan]

https://seekingalpha.com/article/4379895-look-who-might-win-giant-contract-to-supply-tesla-nickel

[CdnScorpion]

umm, how much do you think it would cost to buy futures to cover 85 million pounds of copper a year, for the next twenty years, at a price of less than $1.20/lb? Probably one heck of a lot more than the NPV of Florence at $3.50/lb. Definitely a lot more than the market value of Taseko itself. Buying into the mine now would be pennies on the dollar for all the copper that will be produced. We'

[JCSunsfan]

https://cleantechnica.com/2019/12/09/tesla-getting-into-the-mining-business-makes-sense/

[Notgnu]

Thanks... I suppose it is possible. Mitsubishi is 30% owner of Copper Mountain if I remember correctly. That said they could also hedge with a basket of copper producer stocks and avoid taking on specific company operation risk. Interesting to see what happens though Good Luck, Notgnu, (NCU, NWHM, KRR)