Taseko Mines Ltd T.TKO

Any comments about the 1.95% stream for $50 million?

[JCSunsfan]

I was busy with a conference and could not interact.  That seems like a decent deal to me.  High end from Florence.  That a payment capped at about $6.65 million per year at $4 copper.  Rises and falls with revenue so risk is mitigated.

[JCSunsfan]

US$ of course. 

[nofluff]

The deal was amazing. At todays copper price, I think they would get there 50 mill back plus 70 ovee 22 years. They will no doubt do much better with higher copper price and efficiencies. nf

[cupricity]

The only thing that matters is that Florence gets built without too much dilution. So far looking fantastic. China dropped reserve requirements this month and has had deflation for every month since July.  The renewable electricity revolution is early to China and it looks like it drives down the cost of everything making clean and cheap power available to more people who can use it more