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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 Jan 14, 2022 1:48pm
124 Views
Post# 34317966

RE:Financing

RE:Financing
slewfoot2 wrote: Remember folks, tko increased the bond offering by 150 mill at 8% ( if i remember correctly), over a year ago. So 1 million / month dead money. $14 million cost to date. To put in perspective that is about 15% of the original capex estimate.... my guess an update capex is 400 million so a jv will still be required ( hopefully)

One more point I left out, "guessing" a 400M Capex from the most recent published amount of 270-280M (US) is overboard. Yes, inflation will bring some costs up. But 40+%? No way. Taseko management has a very solid record of keeping costs down and I'm quite sure they'll remain on top of every dollar spent along the way. Maybe you were speaking in Canadian dollars with thet $400M? That's obviously a big difference but when management speaks Capex, they speak in US terms. So, maybe inflation adds 10-15% before all is said and done. Even using 15% and 280M US, that comes in around 320M US. With the added $50M credit facility and additional time from delays, they'll get it done solo. 
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