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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

Comment by dcjones4396on Jun 30, 2021 6:58pm
147 Views
Post# 33477726

RE:RE:RE:Best to wait for the permit...too much downside risk

RE:RE:RE:Best to wait for the permit...too much downside risk
firecracker74 wrote: I didn't see anything negative in that article. The EPA expects a decision BY September 30. That doesn't mean it won't happen before that. If TGB didn't get the approval it would be a blow, but where would they then be? They would be sitting on $250M in cash and they would be raking in about $100M in profits per year from current operations. By year end they should have over $300M in cash on hand. Without a Florence permit they would have tons of cash to expand or work on their other projects.

While much of what you say is true, you miss a major point. IF the permit were denied, rest assured they would immediately be in Court to fight the denial AND they would eventually win as Florence is no Pebble Creek.
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