Taseko Mines Ltd T.TKO

Alternate Symbol(s): TGB

Metals & Mining Copper

Taseko Mines Limited is a Canada-based mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including mine permitting and development within the province of British Columbia, Canada and the State of Arizona, the United States. The Company’s principal property is the Gibraltar Mine, which is a copper-molybdenum mine that is located in south-central British Columbia. It also owns the Florence Copper, Yellowhead copper, New Prosperity and Aley properties. The Florence Copper property is located midway between Phoenix and Tucson near the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola area of British Columbia, approximately 150 kilometers northeast of Kamloops near Vavenby. The New Prosperity Project is a gold-copper porphyry, which is located in British Columbia. The Aley Niobium Project is located in northern British Columbia, approximately 140 kilometers north of Mackenzie.

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Taseko Mines Ltd

Bullboard Posts

Comment by lootfest1234on Sep 09, 2009 4:43pm

472 Views

Post# 16291171

RE: Although TGB has a very bullish consensus,

The hedging protected TGB in the short term,covering costs for the soon to be completed expansion.Once finalized,the company can mine much more efficiently.Then lower copper costs,if such occurred,would be less detrimental.
I believe the hedging expires in 2010.

To me the crucial variables are:
mining Gibraltor as cheaply as possible.
getting Prosperity mining.

I see nothing in the hedging to affect either.

Bullboard Posts

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