Taseko Mines Ltd T.TKO

ncu

[nofluff]

Bought more today:)) 

Just seamed right!!

nf

[JCSunsfan]

Big gamble.  If they can turn it around, it might be great.  According to Yahoo they have a bank account of 10 million and debts in excess of 200 million and in the last 12 months they have lost over 30 million.  I can see why they are valuated where they are.  They are in a very precarious situation.  They have to stop the bleeding now.  I am sure you know more

[nofluff]

There is no bleeding jc. They are under developement. They started out with low funds. Based on developement more funds would b added if needed. Developement took more cash and longer than perfect. But not longer than normal. So current capex on project is low, based on speeded up developement. They have gone from a 2000 ton per day initial plan to a 6500 ton per day target. They r a hearbeat

[nofluff]

Just a bit further reasoning. So ncu has about 10 billion pounds of copper equiv. On an underground and an open pit, side by side of high grade copoer gold fully permitted. Many other discoveries on the same claims. What would it cost to find and take to permit that kind of resource today. At least a billion before development. Well, ncu has a 95% underground developement done for 200 million