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 > Thoughts on Q2 Report

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Comment by Returns2021on Aug 09, 2022 7:27pm

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Post# 34883304

RE:RE:RE:RE:RE:Thoughts on Q2 Report

JC is delusional as always

JCSunsfan wrote:

nofluff wrote: lets say copper was 3.20 u.s average. The collar would b 1.00 cad oer pound.
To net 15 million cad. they would have produced 15 million pounds.

nf

Listened to the conference call. They cashed out their July puts and recast for the rest of the year at $3.75 rather than $4, taking the $15 million cash now. That's a bullish position on copper, expecting the prince to increase over the second half of the year.

I agree with that move. In effect they took an advance on the value of the puts for the second half of the year, but if copper prices go up, they reap that increase.