Taseko Mines Ltd T.TKO

What's NP worth?

[JCSunsfan]

Just curious.  Talks are still ongoing.  Let's say the FN negotiators say we are ready to move forward on NP but we prefer it be with a different operator.  

what is NP worth if it goes up for sale under those conditions.?  It's not just a proposed mine.  The engineering is mostly done.

$300 million?  More?  There would be multiple bidders.

[nofluff]

That is a good q jc.  We should have 7to 10 dollar copper by year end. Np is proven. I am wildly guessing here. Are there 5 billion pounds cueq.  50 cent cad would seam fair at permit approval. So 2.5 Billion seams right.  Nf

[JCSunsfan]

Dont forget the gold.

[nofluff]

I used cueq, so gold was factored. With mine running down, and copper looking great at about 3.50 u.s. Teck bought miner partner out at 50 cents for proven. Of course they had a producing paid for mill. So with no mill and a white rod screamed NG for copper, 50 cents should be quite doable. Nf

[JCSunsfan]

Please excuse my ignorance.  How is CuEq calculated?  I have been looking but cannot find it. 

[nofluff]

So copper is perhaps 4.00 u.s. The deposit is .5% copper. Gold is 2g per  ton. So 200. Dollars per ton. So copper gives 40.00 per ton gross. But gold is giving 200.00 for total of 240.00 per ton. So cueq is simply 240devided by 4. So, that would be called a gold mine:)) Nf

[JCSunsfan]

NP reserves based upon the last update in 2009 were 7.7 million pounds of copper and 3.6 billion pounds of gold.  I found an article that said the average cost of gold "in the ground" as of February 2023 was $63 per ounce.  Since the value of NP is about 2/3 gold and 1/3 copper, I  would think that would give it an average market price as it sits at $750 million (with a go

[JCSunsfan]

Switch that 7.7 million ounces of gold and 3.6 billion pounds of copper. 

[nofluff]

I think u mean oz. Of gold. Nf

[nofluff]

Ok. You beat me to the correct Nf

[JCSunsfan]

https://aheadoftheherd.com/getchell-gold-a-case-study-of-gold-in-the-ground-richard-mills/   very interesting article. It is about the present market value of a gold mine based upon gold in the ground.  It relates directly to NP.  

[nofluff]

Copper, gold and silver r just starting to find there r nsitiu value. Prices have 2 rise.    Nf

[JCSunsfan]

You think copper in the ground is worth .50 lb CAD. at $7 spot?  Am I understanding correctly?