Post by
JoeStockIQ on Dec 23, 2023 4:26pm
Cup V. Clubfoot
Interesting "debate" between Cup and Clubfoot as our group is in the middle of the presented thoughts. We're not at all sold on solar and wind as viable energy options at this time. Ditto on the current status of the EV evolution. Efficient charging stations for the supposed upcoming EV boom remain a "Uge" problem....world wide. The necessary infrastructure simply doesn't exist at present and the planning / implementation of sufficient charging stations / routes is woefully behind where it should be. Gas, NG / LG and coal remain far cheaper / better economics than solar / wind. The EV evolution is being pushed wayyy to fast. That said, copper prices should / will remain strong on the standard supply / demand theory of economics. The previously "predicted" surplus of copper in 2024 has already been revamped by the "experts" to now in balance but they usually end up being wrong on the side of a bigger deficit than they had originally prognosticated.
At $3.75+ US copper, Gibraltar is not a boat anchor. Gib has never been, and will never be, a top tier mine in terms of output. Grades have always been at the lower percentiles, no surprises. Gib is what it is...it pays the bills and keeps the company afloat while they move forward with other projects. NP was a "Uge" kick in the teeth but they still managed to keep grinding until finally getting Florence into construction. Taseko share price remains mired where it is for a variety of reasons discussed ad nausea. NP history, low grades at Gib, financing challenges, etc.
A producing Florence changes everything. Gib will keep churning along until Flo comes online. The big "reset" everyone keeps waiting for will happen, it's only the when that remains nebulous...but it will happen.
We've never been pie in the sky investors in TGB regarding share price. The one thing we remain confident with is that TGB will be a $4 US stock once Florence is in production. From today's prices, along with our historical average cost per share, that remains an outstanding return on investment...even if it did / does take a bit longer than originally thought.
Comment by
slewfoot2 on Dec 31, 2023 6:07pm
eye think u r quite wrong in the price per kw ... the india project is 40 b plus. soloar produces at aprox 25 % of nameplate at best.... a bit out 2 lunch cup.... seams u r maki g up numbers