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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based copper focused mining company. The Company's principal assets are the 100% owned Gibraltar mine (Gibraltar), which is located in central British Columbia and is one of the largest copper mines in North America and the Florence Copper project, which is under construction. The Company also owns the Yellowhead copper, New Prosperity gold-copper, and Aley niobium projects. The Florence Copper project is located south of Phoenix in the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola region of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near the town of Vavenby. The Aley niobium project is located in northeast British Columbia. The New Prosperity property is located in south-central British Columbia and hosts one of the most significant copper and gold deposits in Canada. It is also located in an area of cultural significance to the Tsilhqot'in Nation, known as Teztan Biny and Nabas.


TSX:TKO - Post by User

Bullboard Posts
Comment by silvertonon Mar 27, 2009 10:00pm
602 Views
Post# 15878471

RE: Not too bad . . .

RE: Not too bad . . .Their cash costs at $1.15 to $1.20/lb in  Feb. Give the boys credit, for taking a so called low grade- high cost mine that many thought would be on due care and maintenance long ago, have taken their cash costs down $1 a pound in a very short time.  The recovery of copper has improved and will be in the low 80's. The  POC at $1.80. 19 million shares dilution seems a small price to pay, 90% of Phase 2 expenses behind us and if it takes $25 million to take us to the next level, let's do it.  The boys have been thru this cycle before. They started preparing for it 7 months ago.  The P & H Super shovel and the 1:1 strip ratio of stockpiled ore are paying huge dividends. The 10 mill oz Gold at Prosperity is in the 6 month EA cycle.  Not too bad.
Bullboard Posts