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 > bingo!!

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Comment by nofluffon Oct 15, 2021 12:41pm

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Post# 34010379

RE:RE:bingo!!

We could see 6.00 and higher copper. So lets say they offset puts 100%.

I am going by memory here. But I think tko spent 5 million on about 40 million pounds 1rst half puts. So they gambled the future a bit. Lets say copper averages 6.00. That is 16 million u.s. or 20 million cad lost.

But lets say the energy shortage carries on and copper averages 8.00 u.s.

Tko leaves 100 million on the table.

I remember shaking my head on that one in expression on this forum. The puts were good insurance at the time. The calls were straight out gambling.

Stu will b hoping copper does not run past 5.70. The pp was a big mistake.
The collar might be bigger.

nf

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