Taseko Mines Ltd T.TKO

Most important line...

[Cognition777]

from press release...

• Total estimated initial capital cost of US$232 million remaining

[JoeStockIQ]

Agreed. That's some serious inflation baked in there. They'll swing it on their own with the extra Q's of revenue coming in from the permit delay but that was a serious increase in CapEx considering what they've already spent. Market doesn't seem to care about the increase, it actually likes the increased overall value better. 

[JCSunsfan]

Agreed.  We were expecting inflation.  It's now a known rather than unknown.

[nofluff]

I believe a recent comment by stu said they had spent about 110 million at year end. So full capex should b about 350 mill u.s. I think that was original estimate with contingencies. Market likes it. nf

[JCSunsfan]

C1 has inflated 25% for Florence.  I was expecting more.

[nofluff]

I am hoping that, on permit, that drills move in and do 1rst field and that the test facility can be used to marinade field so they are ready to sweep when plant is completed. nf

[nofluff]

Also, the drilling is likely not part of cap ex, so cash will need to be available for that. nf

[templetooth2]

When I first looked at this financing situation in December, the remaining capex was $230 million. If its gone up a sliver to $232 million is not exactly new news. Am I missing something?

[JoeStockIQ]

You're missing the money previously spent. Initial CapEx was estimated in the $270M range. Now it's $230M remaining but way more than the $40M differential has been already spent. Quite a little bit more. That's what you're missing. Could've been better, could've been worse. Bottom line is Florence moves forward with that inflationary adjustment to CapEx announced and out

[templetooth2]

You totally missed my point: remaining capex has increased by $2 million since December. Big deal. In other words, the increased cost was previously announced. In December. 

[templetooth2]

I posted on Dec 20: Another shoe to drop? 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

[nofluff]

u r of course just joking tt. righ?? nf