RE:RE:RE:RE:RE:Taseko comparisonIf people look at what the original Prosperity mine plan involved, they will understand how management were completely in another world about what was acceptable environmentally in Canada. The local First Nations were objecting, but for good reason. The proposed to use Fish Lake as the tailings pond. The last time that happened in Canada was probably when Cominco did their Arctic mines in the 60s. The TKO plan was so crazy, the feds (led by a pro-business/development party) stepped in to kill it. I remember watching the announcement on TV- the minister was almost embarassed it had come to the intervention. It was a terrible mis-step by TKO management and completely out of tune with the times. They fought it as well, and then bought Florence from CUV and landed themselves in another project with significant permitting issues. What does that say about management? I guess they like challenges.
My point is only that TKO share price reflects a long history of decisions by the company that have not paid off for shareholders, and they have yet to advance these contentious projects to production.
MIN could literally be in production in 6-9 months, after receipt of the Federal permit and no one seriously thinks that funding the mine and continency capital is a problem. It is well under $100M. Even at 50% equity, that is minimal dilution. I'll take those numbers over TKO in a heartbeat.