Tell me if I am wrongI would be interesting in buying 100'000 shares in that play because it seems well undervalued.
Before I am buying, could you confirm me that I have understood well the story.
TKO will produce 100 millions lbs of cooper next year. If we take 4$/lbs over the LT for the price of cooper it is something like 150 millions USD net profit per year.
They also have a gold mine that could have up to 10 millions onces. Cost of production is low (250$ /ounce) and production will begin in 2009-2010 with something like 500'000 lbs / year.
No more dilution will be done because of all the money needed to built up the mine will come with the cash flow from the cooper mine.
There is no geopolitical risk because, mines are in Canada.
Is everything seems correct to you ??
Julien