Taseko Mines Ltd T.TKO

whoa

[copperminer]

Re Stink Bids, not gong to happen and why? The math desn't work.

Example, shares I&O, 270M x $2.50 = $675M = No Way
                                    270M x $3.00 = $810M = No Way
                                    270M x $3.50 = $945M = No Way

                                    And so on by .50 cent intervals right to $10.00

                                    Even $10.00 is a serious lowball, coming in at 
                                    $2.70B
                                   
                                    Sorry, no free copper mines here

[JoeStockIQ]

Not surprisingly, you missed the entire point of the post. It had nothing to do with endorsing the scenario. Rather, it was all about presenting a potential takeover process that a major producer might attempt to get away with at that particular point in time under those conditions. You need to think a little deeper on what could happen. It doesn't mean you agree with it while preparing to

[JoeStockIQ]

And by the way, there are currently just shy of 284M shares outstanding, not 270M. A $5 bid would cost $1.43B, approximately 3x today's current market capitalization. The idea is to prepare for scenarios you don't want to happen. 

[JCSunsfan]

Another company getting this one for $1.5 billion would be highway robbery.  Insider shareholding's matter a lot in this scenario.  I think a lot of shareholders would find it hard not to take the windfall and run.  This company's number one problem is that it's sp is way too low.

[JCSunsfan]

Once Florence is complete revenue looks like this. Gibralter:  130-150 million pounds per year at a cost of $2/pound.  $200-250 million at 75% ownership. Florence:  85 million pounds at $1/pound production cost.   Roughly $300 million.  100% ownership. Florence will more than double the free cash flow with copper at $4.50/lb. EBITDA is off the charts.  

[Returns2021]

Copper will never see $5. It is going to see $2.50 soon

[Joe455]

China is the wild card it looks like their ghost cities are coming back to haunt them.

[JCSunsfan]

Demand increasing, supplies dwindling, mines closer to the end of their lives than the beginning. The bigger factor is money supply, shortages, and mounting inflation.  I cannot see how copper can go back to $2.50 in the present inflationary environment.  Now you could argue that $4 will be the inflationary equivalent of the old $2.50,  but going back to the actual $2.50 seems very

[JCSunsfan]

If there are enough sellers, it won't matter what we think the company is worth.  It will get sold and assimilated.