Taseko Mines Ltd T.TKO

Mitsui

[slewfoot2]

Looks like they took ol Stewrusty to the cleaners.... they get 40 mill lbs at a 75% discount .... 120 million cash on the barrel at 4 buck copper .... 170 mill at 6 buck copper.... all for just 50 mill...... so run stream for 3 years at 6 buck copper will net mitsui 30 mill.... then exercise option for 50 mill for 10%....
this implies mitsui gets 10% of all the copper at cost of production.... mitsui does not have to pay any developement or construction costs ( which is about 200 million to date, with another 300 ish left to spend)..... so they save 50 mill ish.... so basically for 20 million they get 10% of all flo's copper at the cost of production..... that is taking someone to the woodshed..... question 4 all..... why did tko need the 50 million so bad?

[Cognition777]

Mitsui has 3 yrs from date of production to invest additional $50M for 10% equity interest. If they do not exerice that option, then TKO can buy back the Stream agreement (no terms specified), and the Offtake is reduced to 30%.  So the only obligation by TKO is for the first 3 years, then they have an option; although the terms of that option is not clearly stated.  A softer benefit from

[2024golden]

Potentially, TKO also has an active investor/customer for Yellowhead project. 

[JCSunsfan]

Is that a 10% equity interest in Florence or in the entire company?

[nofluff]

in flor only jc. nf

[JoeStockIQ]

C'mon now people, the terms of the agreement are defined in perfect detail, you simply need to read the whole thing. No, they don't get 10% of the entire company for Gawd's sake! Florence is an operating subsidiary of Taseko. When all is said and done, Mitsui will exorcise their option to become 10% owners of Florence Copper for the stated $100M US. The remainder of the terms of the