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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

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.


TSX:TKO - Post by User

Post by dcjones4396on Jun 24, 2021 2:17pm
341 Views
Post# 33444939

Book of Revelations

Book of Revelations It has become abundantly clear that Florence won't be producing a lick of copper until the first quarter of 2023. Further, as previously stated, I won't be surprised one bit if we don't see the final draft permit for another 4-6 weeks. They may shock us with an announcement on June 30th but don't hold your breath. Personally, I want to blame them for all of the delays but that would be more of an emotional endeavor as it's really not their fault. The U.S. EPA, under the control of the O'Bidenites, certainly cares less about what any miner wants thus continuing the cycle of watching the paint dry. Further, if Taseko ends up going forward without a JV, it's understandable that they take a bit longer during the construction phase in order to bring in needed funds from Gibraltar along the way. All of this equates to our share price being directly tied to the price of copper for longer than desired. Obviously that's not to say that a copper producer's share price isn't always tied to current prices, rather our hedge mechanism is delayed....you get my drift. Many of you weren't expecting production from Florence until 2023 anyway, this post is more for those of you still holding out hope for 2022 production. Yeah, that ain't gonna happen. All this said, I'm still holding strong as I have zero doubt that the final draft permit is still coming.
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