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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

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

Bullboard Posts
Post by Sogosohubidu201on Feb 20, 2020 9:26pm
134 Views
Post# 30715747

TKO 2019 Financial Report

TKO 2019 Financial ReportI went through quickly the TKO 2019 and 2019 Q4 financial reports The company still generated positive cashflow for 2019 and 2019 Q4, but negative free cash flow.  EBITDA was
slightly over $50 million with EV over EBITDA slightly over 10 (it means fair price for the current share price).

I believe that the company will survive based on cash flow, cash on hand, liquidity and liabilities. The senior notes due June 1, 2022 needs refinancing, but it can be done, probably at higher interest rate.

If you are long, it is better to hold it and be patient, and you may need to wait for 2-3 years. I don't see significantly jump into share price. But I don't see big drop in share price either. per my guess for copper price for the next 2-3 years, share price may be in the range of 0.4-0.8 for TKO.  Even TKO gets Florence permits and financing done, the share price may not be much higher than 0.8.  But I do see copper price improving going forward and share price for TKO improving to 0.6-0.8 range.

Good luck!

Bullboard Posts