Taseko Mines Ltd T.TKO

Another shoe to drop?

[templetooth2]

First, congrats to TKO for this deal.

Just wondering about the rest of financing required. As I understand it, Florence is supposed to have a further capex of $230 million US.  Having raised somewhat less than a quarter of that, is the company expecting to raise some equity?

I note that the company has net debt of $420 million Cdn. Is it realistic to assume the balance of capex can be debt-financed?

[profittaker1]

I would read the release on November 3rd regarding the 3rd quarter. "The Company had a cash balance of $142 million and has approximately $210 million of available liquidity at September 30, 2022, including its undrawn US$50 million revolving credit facility." Add another $50M USD and they have over $200M CAD in cash and $270M CAD in liquidity. Plus Gibraltar is going to be pretty

[profittaker1]

"The next phase of Florence Copper will be the construction and operation of the commercial ISCR facility with an estimated capital cost of US$230 million (including reclamation bonding and working capital) based on the Company's published 2017 NI 43-101 technical report. At a conservative copper price of US$3.00 per pound, Florence Copper is expected to generate an

[slewfoot2]

well profittaker, i respect your onion even when u r wrong.   u shant used 2017 numbers and expect then 2 b the same in 2023/24.   that would be ignorant.   again full respect. 

[profittaker1]

If we are all arguing about valuation, it shows we care and clearly it is complicated. I agree the value of Florence could be tied to the value of the Mitsui benefitting from a lower copper price in the offtake agreement. In regards to what I quoted, it was all from November 3rd. That being said, the company could be using outdated capex numbers based on inflation. Anyone have any idea how much

[slewfoot2]

well profittaker you post albiet erroneous is again respected.    capex of 230 usd estimate has not been updated 2 2023/24 numbers... by my highly educated view, it is more likeley 400 mill usd of whick 60 million is spent 2 date.  4sure.... so then prolly looking at 350 million left....  btw... mitsui will not excersise option until the commercial production has established

[JoeStockIQ]

This post has been removed in accordance with Community Policy

[JCSunsfan]

And they have $50 million or more already paid against the capex in the form of completed engineering and pre-orders.