RE:RE:RE:RE:RE:RE:BRIEF-Taseko Mines Says Co Acquires 100% Of Gibraltar MineThe initial cash layout for this deal is a paltry $5 million. When they got the 12.5% last year, they immediately sold the silver stream that they got back to Osisko for over $10 million (plus $50k a year in additional installment). They are getting another 12.5% of the silver stream in this deal and the price of silver has bumped up a little bit since then. I think they should be able to get an additional $11-12 million in cash now by selling the silver stream.
So, in essense, Taseko got paid intitially $5 million or so to take back the last 12.5% of Gibraltar initially and will make very reasonable payments to finish the deal AFTER Florence is up and running.