Taseko Mines Ltd T.TKO

Cash

[BigCountry]

What will the company do with the cash it generates if copper holds? If they already have cap to build Florence by this q, what are your thoughts? They mentioned debt reduction and dividends as possibilities... share buyback perhaps if there's no love from mkt?

[dcjones4396]

Wow Big C, don't mean this to sound negative but, respectfully, a zero chance exists of debt reduction or share buy backs. To answer your question, they are quietly spending money on moving Aley forward and also spending some cash in slowly moving Yellowhead along. Forget about dividends for many years due to their other projects that need cash for required reports, permit applications, etc