RE:florence valuation -
JCSunsfan wrote: Just something that is not often mentioned. The 1360 acres of property that makes up the Florence project is worth roughly $100 million JUST AS RAW DIRT without mining rights That number will go up significantly as the area around it develops. Most other developed areas in Arizona have acreage valued at $200,000 USD per acre and more. Over the life of this mine, with inflation, and city expansion,
Because of the type of mine this is, the acreage can be sold for residential or commercial development after the mine life is over.
Right now, just the raw dirt value of the Florence project is 25% of Taseko's market cap.
Its value in 20 years will likely increase 10 fold or more.
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Excellent information, thanks.