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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 Mar 02, 2022 2:02pm
90 Views
Post# 34475890

RE:Happy Days

RE:Happy Days
dcjones4396 wrote: The last several times Taseko share price in the U.S. (TGB) hit this current valuation of $1.85 US proved to be great buying opportunities. This time is no different as the sole remaining elephant in the room will be dealt with after trading hours tonight and tomorrow after the conference call. We all know Q4 results are not going to be great due to Mother Nature issues negatively effecting both Q4 production and sales. That said, results aren't going to be disasterous by any measure due to the price of copper remaining very strong. Further, management has already stated several times now that all of 2022 is expected to be positive in achieving LOM production results of 130M / 98M Taseko share. We are quickly approaching the end of any and all negative issues pertaining to share price. Even though the US EPA and negative Q4 results are combining to currently limit share price, both issues are about to be behind us for good. Fast forward a mere few weeks from now and we're off to the races for an extended period of time. For those that like to check boxes, here is what we have to look forward to very soon: EPA announces commencement of public comment period (check), Outstanding, and I mean very outstanding, Q1 report that includes LOM Q1 production with added sales from Q4 (double check), completion of public comment period with great public support (check), issuance of final EPA permit (double check), excellent Q2 report with LOM production (check), updates on construction at Florence (check), LOM Q3 and Q4 production from Gib (check and mate). The sole remaining negative issue will likely be inflation costs pertaining to the construction of Florence. Expect some for sure, maybe upwards of 15% or so. As long as Gib hits LOM and copper prices remain elevated over $4 US, we should be fine. In addition, management will likely put collars in place for H2 to ensure we get that $4 minimum. So there you have it, maybe (?) another two days of downside pressure due to Q4 results but I doubt it as it is probably all baked in by now. All good things ahead gang, buy the last of the cheap shares if / while you can. Turn those frowns upside down, happy days (and lots of them) are coming our way to a share price near you.

Appears as if $1.85 US was once again a nice buying op. Still have the check marks above to mark off. Who knows, maybe the EPA is using the Russian conflict to delay the issuance of the draft permit this time around but it IS coming. We should get a minimum 25 cent pop in share price merely from the ultimate announcement. $4 US minimum locked in for all 2022 production of 90+M pounds. Yes, we still appear to be all good.
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