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.

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Taseko Mines Ltd

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Comment by JCSunsfanon Sep 28, 2020 2:28pm

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Post# 31629842

RE:RE:RE:RE:nice copper open

That would make sense. The more cash in the til, the easier it is to develop Florence.

If they have something like $130m banked going into Florence financing, a Jr partner at 15% or less would be easy. The capex for Florence will be 3/4's present market cap. When you add the value of the property itself, its like getting Gib for free.

For the investor its a no-brainer. With copper at $3.10 a 15% share would net around $25m/yr. How much cash can you borrow for that income stream. Maybe they should let investors buy bonds. Would be like getting a div.

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