Taseko Mines Ltd T.TKO

New presentation with BB and important comment on Florence

[JCSunsfan]

This was posted to youtube yesterday.  https://www.youtube.com/watch?v=S-WMVEH1Ykk

At the 32 min mark BB says the following

"After that [the public comment period] the EPA started the process of responding to the public comments received and they have been doing that for not quite a year now. And we believe, based upon our discussions with them that that part of the process is now effectively finished."

Said that the UIC permit could not be issued without the Programmatic Agreement being in place.

Said that there is no specific commitment from the EPA about the timing, but that it is imminent and the company believes it will be issued in the next few weeks. 

He is basically saying the permit is now approved and they are just waiting for paperwork. Listen for yourself.  This last sentence is my interpretation.  Please let me know if you think it is fair.

[copperminer]

JCS, nice post, and likely accurate.  CM

[PieEconomics]

EPA "responding to the public comments" -- The YouTube suggested that the EPA would disclose those responses at the time it issues the determination. How many negetive comments were there that EPA had to formulate responses to? What was each negative comment about?

[slewfoot2]

seriously pie?... read the comments yourself... they are public... lazy people should not be investing.... quit being lazy

[Cognition777]

at the 39 minute mark a question arises about the possibility that some environmentalists could challenge the permit and cause a delay even further. BB clarifies that following the issuance of the final permit, the EPA has a 30-45 day appeal window where objections to the permit could still be raised but only by parties who originally participated in the public comment period. Might be

[JCSunsfan]

I have gone through those.  The only one was by a coalition of the Sierra Club and other entities.  It was a long written objection.  You can find it at the EPA site. They complained that the test facility did not test thoroughly enough, that the mine will use too much water, that it needs more monitoring stations, and a few more things. The argument about too much water is silly.

[nofluff]

That was a very large entity, with well thought out objections, with high priced lawyers signing. What are the odds of them getting an appeal?   I will guess 50%. Odds of winning??  10%. nf

[JCSunsfan]

It was basically cut and pasted from their opposition to Excelsior.  There was one place in the doc that they actually said Excelsior instead of Florence.   Has it been tested enough.  Definitiely. Can monitoring stations be added.  Easily.  Done. Does it use too much water.  No way. Any alternative will use more.  The mine has little likelihood of success.

[slewfoot2]

ur a dipsheeeat

[PieEconomics]

Appeals timeline for Excelsior: 6/22/18 receives permit with effecttive date of 8/1/18, 7/13/18 appeal filed, 8/5/18 all parties jointly stipulate dismissal of appeal, 8/6/18 30 day appeal period ended, 10/5/18 joint motion dismissing the Appeal acccepted, and EPA lifted the stay, thereby resulting in the UIC Permit becoming effective. https://www.excelsiormining.com/news/news-2018 

[JCSunsfan]

This is exactly correct. 

[PieEconomics]

Why does Excelsior have such an ugly chart? The downdraft starts in 2018, including the second half that included EPA approval. https://stockhouse.com/companies/quote?symbol=t.min

[JoeStockIQ]

Because Excelsior has had a history of production problems that Florence is not expected to have. The ore body fragmentation is different on their property and they learned it the hard way by not having the same testing results that Florence has proven will work. 

[JCSunsfan]

BB addresses this question directly in the latest YouTube ppt presentation.

[PieEconomics]

If a troublesome project such as Excelsior's got approved, our more straight forward deposit should breeze through. True, their initial approval was under Trump, but they recently got permission under Biden without any opposing appeals for well stimlation which can involve techniques such as fracturizing and acidation. https://www.excelsiormining.com/news/news-2023

[JCSunsfan]

This was a different administration though.  I asked BB directly (on the phone) if he had any sense of all of there being political issues holding this up or in play and he said he did not. Believe what you want, that is what he said. 

[slewfoot2]

ya rite... lol... 

[slewfoot2]

well jc , you are wrong again... the water use is signifigant in todays culture .. see florence would take the water out of the water cycle  whereas housing and ag do not.... i am sure a past issue of the economoist will explain this to you fish

[slewfoot2]

what cog?.... you havent been through the comments?... its public info... and yet you waste endless hours trying to look at graphs and other nonsense.... what gives?.... your credibility ( albiet small) has take a bit hit....  come on u can do better

[Cognition777]

Haven't read the comments since last year, Slew. Didn't realize there would be a 45 day comment period so wasn't noting who might continue with an appeal. Also I’m not sure what your snide comments are about regarding my "charts", because everything I said has happened, again. May 24th 2 pennies more... and copper will have reached a major support line. Will it reverse the

[nofluff]

yup cog. tko a swing traders dream:))   nf

[copperminer]

Ha Ha NF, how about that Private Placement? Read your past and more recent posts, where you lost your marbles, but what, you are still here, and with only 9000 shares left. Wonder who bought all those shares in the PP? Now there's food for thought. cm

[nofluff]

Not going to get into an 8nsult match with you miner. You will feel better if you try to be nice. nf