Breakout 1/4 loomingThe yearends are reported on Mar 17. TKO may provide some guidance on production and sales numbers in the next 4-6 weeks. Some rough math. With the 16m lbs CU on the dock, not in Q3 income, and assuming similar production numbers from Q3, at 25M lbs we are at 40. CU at $4, thats $160M, with a cash cost in the $1.50- 160 range. Copper sales in Q3 at 11M lbs at $3.75 which is $41 M. Close to $120M more in sales will make this a breakout 1/4 for TKO. How much cash at yearend?
TKO not giving up on Prosperity, that is the 7 th largest CU-AU project in the world. The feds made a mistake in the process, and in the end this $5B project will go ahead . A 1 or 2 year delay will only give the cash cow, ramping up to 55,000 tpd in the next 6 months, a chance at 80,000 with Phase 3 looking more and more likely.
Drilling results overdue at Aley,in the Rocky Mountain Rare Earth belt in B.C.They should be checking for Niobium but keep an eye on this 1000 mile belt that that TKO has the cash to do some M&A in the new Rare Earth district.
With TKO at $200M in cash right now, how close will they be to $300M at yearend?