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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

Post by slewfoot2on Jan 31, 2024 3:43pm
95 Views
Post# 35855669

news

newsjoes its quite simple... you are emotionally attached to tko... if you step back you can sea that the value of florence is 600 million ( 480 to tko)... that price was set when they sold minority intrest and stream.... that is current value... once florence starts producing it will get re- rated  but that is 2-3 years off and still has considerable risks involved.... thats your first trip to the wood shed.... 

secondly if you want to look at the value of Gibralter and all the fcf it is making ( very little).... do the math for the last few years... tko added 150 mill in additional bond debt, did a 30 mill pp  , sold the remaining silver for 10 mill , added 50 mill to their line of credit ( debt), announced a 50 mill  ATM placement , and sold / streamed some of florence for 150 mill...   that 450 million.... seams like a lot for a 200 million build ....  now wear is all the cash from Gibralter?  please let me know?

back to the woodshed...


bottomline..  tko is highly leveraged with a marginal mine.... florence is a good developement asset  however has a fair amount of risk... it can be a decent swing stock, however not so much as late.... as copper goes up so will tko ( duh).... mite see 3.00 cnd  this year...
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