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Taseko Mines Ltd. - T.TKO

Discussion in 'Canadian Stocks Message Boards' started by Dan Thunderbolt, Jun 30, 2020.

  1. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Bought some shares of this copper producer the past couple of days. I like the potential of nearterm internal growth and a potential higher copper price.

    https://www.tasekomines.com/
    Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year.

    Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipeline.
     
  2. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Here are two very interesting and insightful interviews concerning the potential of the Copper price. There are several experts who say Copper has the most potential due to the impacts of Covid-19 concerning supply/demand of Copper.

    KITCO NEWS
    2 July 2020
    The high tech revolution and new economy are creating boundless new applications for two commodities that will dominate the 2020s: copper and helium, said Gianni Kovacevic, CEO of CopperBank.


    KITCO NEWS - starts at 8:55 concerning Copper
    30 June 2020
    Gold might not be able to sustain $1,800 in the near-term
     
  3. Dan Thunderbolt

    Dan Thunderbolt Active Member

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  4. Dan Thunderbolt

    Dan Thunderbolt Active Member

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  5. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Chile’s copper mines under threat from virus spread, copper price jerks upwards
    July 9, 2020
    https://smallcaps.com.au/chiles-copper-mines-under-threat-virus-spread-price-jerks-upwards/

    What’s impacting the copper market?

    The copper market is being driven by three factors.

    One is that Chile’s output of copper is under threat due to the COVID-19 pandemic. By last weekend, the country had the seventh largest infection count in the world with 285,000 people testing positive and almost 6,000 deaths.

    More to the point, Codelco, the state-owned copper miner and largest single contributor to the Chilean economy, has confirmed that 2,433 of its staff have contracted the virus.

    The second factor is that China seems to be on a spending spree in commodities, driven by reviving economic activity there and a pumped-up equities market boosted by liquidity (if not fundamentals) following stimulus moves, with the Shanghai and Shenzhen market indices hitting a five-year high on Monday.

    Chinese copper demand increased 4% in the second quarter.

    The third factor is more on the conjecture side (although widely discussed): that China is stockpiling a range of raw materials for fear of escalating political tensions leading to supply chain disruptions.
     
  6. Dan Thunderbolt

    Dan Thunderbolt Active Member

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  7. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    This one is doing pretty well. I suppose this is because the cost reduction measures are now in place resulting in production costs of $1.30 copper per ounce. The Q2 and Q3 numbers will be very good with a copper price of $2.90.
     
  8. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Interesting trading volume yesterday:
    • US shares traded 19,043,597
    • Canada shares traded 3,357,504

    Possibly this is related to some pending news concerning their Florence copper project in Arizona.

    Guess we'll find out next week...
     
  9. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Don't know for sure but looking at the situation now a possible reason for the sudden spike is that beside the producing Gibraltar Copper project and the near term production Florence Copper project, Taseko has lots of Gold in its portfolio as well and someone recognized this…

    New Prosperity
    • Large undeveloped gold-copper project: A one billion tonne measured and indicated resource containing 5.3 billion pounds of copper and 13.3 million ounces of gold
    • Annual production averaging 110 million pounds copper and 234,000 ounces gold over the mine life
    https://www.tasekomines.com/properties/new-prosperity
     
  10. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Looks promising...

    Taseko Mines: Draft Aquifer Protection Permit for Florence Copper Project to be Issued this Week
    Canada NewsWire

    VANCOUVER, BC, Aug. 4, 2020
    https://money.tmx.com/en/quote/TKO/...lorence_Copper_Project_to_be_Issued_this_Week

    Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") has been informed by the Arizona Department of Environmental Quality ("ADEQ") that the draft Aquifer Protection Permit ("APP") for the Florence Copper commercial production facility will be issued on . The APP is one of two key permits required to advance the project to commercial production.
     
  11. Dan Thunderbolt

    Dan Thunderbolt Active Member

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  12. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    This one just keeps moving up with the higher copper price. I have a feeling my original longterm copper play investment will probably end up as shorterm investment instead. We'll see...
     
  13. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Taseko has a very intriguing story to tell. Copper is the metal of the new green economy. The Gold Taseko has on their development properties is not even reflected in the share price.

    Once copper moves in the range of $5-10 in the coming years Taseko will be a multibagger for sure imo...

    Taseko Announces Improved Economics and New 820 Million Tonne Reserve Estimate at its Yellowhead Copper Project in British Columbia
    January 16, 2020
    “While our primary and near-term focus will remain on the advancement of our Florence Copper Project through to production, we will continue to progress Yellowhead expeditiously as the timing will fit in ideally after Florence Copper achieves commercial production. With the new Technical Report now complete, our efforts will focus on environmental assessment work, ongoing engagement with local communities, additional engineering as well as evaluating the merits of selling an interest in the project to a joint venture partner. Our plan is to add 85 million pounds of annual copper production from Florence Copper by 2022 and then another 200 million pounds from Yellowhead by 2025. A 280% production growth profile over six years to nearly 390 million pounds annually cannot be matched by any company in our sector and could be well timed with a growing copper supply deficit,” concluded Mr. Hallbauer.
    https://www.tasekomines.com/investors/news-releases/taseko_announces_improved_economics
     
  14. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Looking good for Taseko's Florence Copper project...

    ADEQ holds public hearing on Florence Copper aquifer protection permit
    Friday, September 11, 2020
    https://yourvalley.net/queen-creek-...rence-copper-aquifer-protection-permit,186711

    Florence residents had no objections regarding a massive mining plan to use a solution to dissolve copper in bedrock close to local water supplies at a meeting this week discussing the potential plan.
    If the permit is granted, Florence Copper will move into full commercial production. The process will run for 25 years, and Florence Copper expects average 85 million pounds of copper will be harvested annually when fully underway.
     
  15. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Taseko is moving forward with the Florence Copper project.
    (85 Mlb / 40 Kt Cu LoM; Mine Life 20 Years; cash costs US$1.13/lb LOM)

    Taseko Mines: Florence Copper Permitting Update
    September 22, 2020

    September 22, 2020, Vancouver, BC – Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) (“Taseko” or the “Company”) is pleased to announce that its Florence Copper Project received overwhelming support at the public hearing held by the Arizona Department of Environmental Quality (“ADEQ”). The public hearing, which is a key part of the process for the Aquifer Protection Permit (“APP”), had participation from local community members, local business owners, elected state officials and city councilors, a state senator as well as representatives from the technical services sector.

    Russell Hallbauer, Chief Executive Officer and Director of Taseko, commented, “More than 30 interested parties spoke at the hearing, communicating great support for the Company and the project, with only one individual not in favour. The ADEQ heard loud and clear that the community wants this project to advance to commercial operation.”

    “The Company has worked very hard to inform the Florence community on not only the safeguards in place to ensure the environmental integrity of the project, but also the environmental benefits of the Florence Copper extraction process. The extensive data collected from 18 months of operating the test facility is proof that the process works, both from a technical perspective as well as environmentally,” continued Mr. Hallbauer.

    The ADEQ will take written correspondence for another three weeks, until October 12, before writing and issuing the final permit.

    https://www.tasekomines.com/investors/news-releases/taseko-mines-florence-copper-permitting-update
     
  16. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    Very convincing interview. Taseko is one of the best copper plays in my opinion. Lots of near term internal growth. According to the interview they will likely sell around 15-20% of the Florence Copper output to finance the project. Then maybe some royalty deals. So I assume that they will end up at around additional 65 Mlb per year of copper at cash costs of US$1.13/lb starting in 2022. Very nice!

    An interview with Stuart McDonald, President of Taseko Mines
    16.09.2020

     
    #16 Dan Thunderbolt, Sep 26, 2020
    Last edited: Sep 26, 2020
  17. The Brontide

    The Brontide Active Member

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    I am kinda near a large copper mine.

    They use the incidental gold and silver mined to pay utility and other costs. And it's alot of costs, so...

    But excellent picks Dan!!
     
    Dan Thunderbolt likes this.
  18. Dan Thunderbolt

    Dan Thunderbolt Active Member

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    $4.00/lb Copper Coming Soon Foresees Analyst Chris Berry
    08.10.2020
    MiningStockEducation.com

    In this interview, independent energy metals analyst Chris Berry shares that we “could be looking at $4.00/lb copper relatively quickly, in the next couple of years for sure.” He also address’ Tesla’s recent battery day and its implications on the mining sector. Chris discusses what he sees as the biggest bottleneck hindering mass electrical vehicle adoption. He also provides commentary on cobalt, nickel and lithium. Furthermore, he shares his main takeaways from President Trump’s recent critical minerals executive order.

     

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