RE:RE:PPT from three days ago. BB speakingdcjones4396 wrote: JCSunsfan wrote: https://www.youtube.com/watch?v=1HwngbcZUSs
Highlights.
Expect permit in 2-3 weeks, slipped and said 1-2 at one point.
JV still a small possibility for Florence but not likely.
No more than 10% and TKO is the driver's seat with any negotiations.
Pre-purchasing engineering and equipment for Florence now.
Engineering 70% finished.
18 month build.
50 million pound production in year 1.
85 million in year 2.
They have already seen the draft of the permit. It has been making its way from one desk to another. (This is not new, they have had it available for quite a while it sounds like)
45 day public comment period and then final draft. Just like the state permit (what redundancy!)
Would not have done the PP last December if they had known copper prices were going to jump.
Hey JC, an issue that traders aren't taking into account is the minimum price Taseko will be obtaining from their production over the next year. $3.75 minimum to end Q4 and $4 for 2022 H1. We'll get the benefit inthe earnings reports but the traders pay it no attention. And, while the actual "final, final permit" may not be in hand until the back end of Q4, anyone listening closely to BB wouldn't come away with the notion that the end result is in question. That's why it's smart to buy on the dips in both copper prices and subsequent Taseko share prices.
You are right. The only real risk in owning this company right now is the Florence permit--and that is a done deal IMO. Debt is not a risk. The bonds have been reworked at a lower rate. Copper price is not an issue because puts have been purchased as insurance.
The only reason this stock is not soaring right now is because most investors are not paying attention and most share transactions are program trading based upon copper price. Some big miner has to be circling right now. Buying this company is like getting free money.