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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.
     

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