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 > Financing Florence

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Post by JCSunsfanon Jan 26, 2021 8:18pm

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Post# 32393761

Financing Florence

Seeking Alpha Article

This article seems to make the case that if copper prices hold up, Taseko conceibly can finance the Florence capex with only the additional funds from the loan and excess cash from Gibralter over the next seven quarters (the Florence build time).

Conceivably that could happen, however, it would deplete all cash reserves. A minor junior partner, even with as little as $40 million as stated in the latest news release, could do it. In other words, they do not have to sell the farm in order to reap the harvest.

Now, what would that interest rate be?

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