RE:SeekingAlpha pieceTepic review, but this guy seems to have a specific niche, distressed value companies. Taseko is more of a growth stock now.
Getting their bond situation settled seems to be a big issue with bigger players. They seem to think that debt makes them vulnerable. This is probably why they would rather go the JV partner on Florence rather than debt. It provides more immediate comfort for bigger investors. When the sp goes up the company does better too.
I really think I lean toward the Junior partner now for the financing of Florence. It is much better for the near term sp, Bird in the hand.