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 > Shake

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Comment by JCSunsfanon Nov 06, 2023 1:18pm

111 Views

Post# 35719746

RE:RE:RE:RE:RE:RE:RE:RE:Shake

Its actually a great move from Taseko's perspective. While they might pay a bit more than regular financing, if something goes wrong--production falls, or copper drops, their obligation drops as well. Less risky than straight debt.

Looks to me like a good move.

NF, I am not sure how your $2 bil evaluation works since it is is 1.95% of total revenue, its a little better deal for Generale than straight ownership.

Let's say your are right.

$2B for Florence,
$150 million for pipeline properties.
$300 million for Gibralter (roughly $1 a share).
-$400 million for debt.

Net price $2.05B or $7.25 per share.

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