Funding YellowheadWant more to talk about? How about Yellowhead. While the permitting process is far from finished, relations with the local tribes seems to be going well. The "social licence to mine" seems to be in place. In addition to its copper, Yellowhead boasts 440,000 oz of gold and roughly 20 million ounces of silver. That is $880 million street value at $2000 an ounce in gold and $540 million street price in silver. Selling that stream could take a fairly large chunk out of the capex and leave the 4.4 billion pounds of copper for Taseko.
Stream buyers would want a large discount of course, but they will also be betting on huge run ups in the price of gold and silver over the next 30 years. I do not see why profits from Gib and Florence plus selling the gold and silver streams could not easily build out Yellowhead.
Taseko claims that the ROI for Yellowhead will be 4.2 years assuming a $3.10 copper price. However, if that price rises to $4.50, it is substantially less.
The only reason we are talking about Florence so much is because it is NOW. Yellowhead is a BIG, BIG deal.
Oh. And then there is NP.