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 > JV economics

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Comment by JCSunsfanon Feb 12, 2021 4:44pm

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Post# 32556020

RE:RE:RE:RE:RE:RE:RE:RE:RE:JV economics

JoeStockIQ wrote:

2024golden wrote: Yes, thank you...so the jv partner has to pay share of operating costs....which we are told is now 90 cents per pound...lets say $1/lb.
So every year the jv partner pays $13m and takes 13m lbs of copper production...correct?

Copper price is not what I feel or think, the world copper price is getting pretty close on $4/lb...may well be over that before Flo const gets started.

Best just to deal with reality, that is they won't use copper prices where they currently sit when coming up with final deal. For example, look at "put" prices in copper right now. With $3.80 US current price, look at April $3.50 "put" contract prices. Extremely expensive compared to actual disparity between strike price and actual price. Why? Market makes you pay bigly if you want to assume prices will stay this lofty for too long before a large pullback. Point is you can't use today's prices when completing the deal. And JV pays their % of all costs, not just C1. Think AISC.

So does a JV pay a percentage of the capex? I would imagine that is a negotiated item, however it is a reasonable expectation. If the JV is buying 15% of value UPON COMPLETION of the build, then the cost should reflect that.

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