Taseko Mines Ltd T.TKO

NP one (left wing) view point of what’s going on

[spitfireIVX]

https://www.wcel.org/blog/update-tasekos-new-prosperity-proj-wait-thats-still-thing

[KentWilkens]

Excellent article Spitfire.  Even if the EA expires, nothing would prevent them from reapplying for one in the future.  This is for certain, TKO will not get approval for NP without an agreement with the first nation. and this is also certain, that TKO will not give up their mineral rights on the property. They spent 100 million on it and will not just walk away. Mothball it

[dheadley]

Maybe it is a mistake to think of the FN as one homogenous body 'related in opposition'. Perhaps some of them wouldn't mind seeing  a Taseko mine. Times change.

[KentWilkens]

That is always correct DH.  Currently the community has elected leaders that oppose TKO and the mine. A different attitude and approach by TKO would change that. Mines are not pretty things. As a TKO shareholder, the last think I want is for NP to proceed without community backing. The median income per household (not per person, but entire household), is 32K in 2015. 50% of the population

[spitfireIVX]

Thanks for the links Kent, useful.  

[2024golden]

Some good mediators needed to make NP a win-win-win.....employment and a % for FN's, the mine for TKO, and big tax $$ to BC.

[BigCountry]

https://youtu.be/E-ix0TtCcyU

[KentWilkens]

for you JC

[JCSunsfan]

[JCSunsfan]

Ah.  So that is what is going on.  FN wants Taseko to sell out to them so THEY can mine 500K ounces of gold per year for themselves.  Taseko is saying "no way."   Stale mate. Who blinks first?  So, someone explain this to me.  I do not understand the legality of Canadian mineral claims on government owned land.  Can Taseko sit on this forever?

[dheadley]

I'm not a lawyer but I do know that indigenous rights is a very sensitine matter in Canada and especially in BC. It could all be down to the fact that Taseko approached the NP project with the wrong attitude.

[nofluff]

Hey dh. 4 sure. But imagine if aproval had been done. By now we would have sold half of project 4 nothing. 2day we can all benefit. Fn can not mine. They could sell property. But best deal is 2 let tko manage. It will get done. nf

[dheadley]

I don't know how the Tsilcotin (excuse spelling) make decisions but it's obviously an emotiomal issue for some people. And I have no idea how they reactyed to the original proposal. Now it seems both parties are caught in a legal tangle. Hopefully they can find a way out. Lawyers must be happy with the status quo.

[KentWilkens]

JC, check a few posts back where I posted an excerpt on Canadian mining law, and then linked at the bottom to the full article. To maintain a claim they must keep working it, often why juniors jv properties when they cannot afford to drill, just sitting on it, means they lose it. So TKO does not want to just sit on it, they want to move forward with it, but what the govt and FN are doing