TKO a cash cow at $3.87? Market forces brought all stocks down today. TKO is about mitigating risk. All the world happy to hold 1 oz of AU in their hand at $1650 rather than buying proven oz's in the ground at a fraction of the cost. TKO has hedged to guarantee the Company's revenue stream for the next 18 months. This allows TKO's roster of future opportunities without the risk associated with a significant reduction in copper prices. Gib 3 investment of CDN$325 million capital project will result in a 90% increase in annual copper capacity at Gibraltar to 180 million pounds and a 70% molybdenum production increase to 3 million pounds annually by 2013. What are the 13M oz Au and 6 billion pounds CU proven worth at the New Prosperity? Their Niobium project at Aley is on the northern trend of the Rocky Mountain REE belt that is in early days, with no majors the size of TKO anywhere .
It may have been Market Meltdown today, but this cash cow is cashed up in a land where there are few major players. Thanks for the buying op.