RE:Financingslewfoot2 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.