Taseko Mines Ltd T.TKO

Alternate Symbol(s): TGB

Metals & Mining Copper

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

Taseko Mines Ltd

Bullboard Posts

Comment by twonxanityon May 12, 2010 6:25pm

412 Views

Post# 17092274

RE: Agreement with Franco-Nevada on Prosperity.

Just wanted to point this out:

"For each ounce of gold delivered to Franco-Nevada, Taseko will receivea further cash payment of US$400 (subject to an inflationaryadjustment) or the prevailing market price, if lower. The deposit willbe credited with the difference between US$400 and the market price ofgold for each ounce delivered until the deposit is fully credited."

I see this as significant also. I believe the general consensus was that it would be around 20% for $350 million. SO for TKO to get $350 million + warrants + $400 per ounce, is incredible.

Bullboard Posts

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