Taseko Mines Ltd (TGB)

[RyGuy]

Oh wait that is per kg... looks like still around $19 to $20 per pound.

[RyGuy]

Holy crap Moly is around $50 now!

https://tradingeconomics.com/commodity/molybden

[RyGuy]

Hopefully we hear about the Florence Permit soon. That would do wonders for TGB.

I'm assuming they will be getting the permit. I doubt they would spend over $20 Million on new contracts for this location if they were not certain it was coming.

https://im-mining.com/2021/09/14/metso-outotec-vsfx-solvent-extraction-tech-set-for-tasekos-florence-copper-project/

[RyGuy]

Record Copper Price by Year-End?
Last week, analysts at CIBC announced that they adjusted their end-of-year copper price forecast to $5.25 a pound, Kitco reports. The estimates are now 22% and 32% above 2021 and 2022 consensus estimates.

https://www.forbes.com/sites/greatspeculations/2021/06/01/the-race-for-copper-the-metal-of-the-future/?sh=5ce917b8319a

The International Energy Agency (IEA) was founded in 1974 in response to oil embargos the previous year that caused the global price of oil to surge 300% from $3 per barrel to $12 per barrel. From the start, the IEA’s mission has been to help member nations deal with major oil supply disruptions.

Over the years, the group’s purview has broadened to include more than just oil security, and in its most recent report, the IEA sounds the warning bell on the global supply of key minerals—particularly copper.

“Today’s supply and investment plans for many critical minerals fall well short of what is needed to support an accelerated deployment of solar panels, wind turbines and electric vehicles,” IEA Executive Directive Faith Birol writes.

According to the IEA, copper will remain the most widely used metal in renewable energy technologies. Compared to aluminum, nickel and zinc, its importance is rated high for most new energy-related projects. That’s mainly because its electrical conductivity is the second best after silver and 60% higher than aluminum. Goldman Sachs predicts that by 2030, copper demand will grow nearly 600% to 5.4 million tons.

[Rosco Mac]

Great info, thanks!

[tdeck]

Hard to find much info on it but I did find one article about Molybdenum from 3 weeks ago when it was $16.50 a pound. Had to look as the price skyrocketing had me wondering, how much higher can it go and is it not only sustainable but will/can it go higher, 2.5-2.75M pound a year isn't a lot but when it is cranking as high it is, that makes me take notice.

https://stockhead.com.au/resources/molybdenum-price-rise-asx/


The closest I can figure for their Molybdenum comes from 2019 full year results.

Molybdenum they get an add on to their copper price when Molybdenum averaged US$11.36 per pound in 2019 the resulting by-product credits per pound of copper produced* of US$0.20 $18+ per pound going forward would be an extra .30+ per pound for their copper. So it is a significant amount of money added to the kitty.

So all should not only keep an eye on copper prices, but going forward Molybdenum is getting to the point it should be eyed as well IMHO.

Peace out

[tdeck]

Just a heads up as I think many are neglecting to take into consideration the increase in production and lower AISC costs since mid May that will dramatically change all the numbers including and most importantly EPS and EBITDA for Q2 due to the sheer amount and the rest of the year it's a whole new ballgame.

The revenues were up 35-37% Y/Y due to the copper prices along with EPS
those numbers although good were nothing compared to what they will be now as they were in an inferior pit while waiting for Canadian govt to issue the permit for their main mine, while awaiting they were working the Pollyanna pit and stock piles, that all changed literally half way through Q2 as he mentioned in his write-up. That is a big deal many are failing to realize and the numbers in Q2 will show this in a big way, and going forward forget about it revenues will be up, cash flow up, EBITDA up and AISC down and the recent rise in Molybdenum prices ($18 rather than the $8-9 avg for 2020) will only further help that as with the return to their main pit Molybdenum production goes up there as well too.

Avg quarterly copper production their main pit 32.5M pounds
Avg quarterly copper production Pollyanna pit 22.5M pounds

Which should mean production for copper will be up 4-5M pounds for the second half of Q2 lets call it 4M pounds for arguments sake.

Molybdenum production their main pit avg 625K pounds
Molybdenum production Pollyanna pit avg 525K pounds

Which should mean and extra 50K pounds give or take for the second half of Q2.

Easy to see that the numbers Q2 will be up substantially not only because the price for copper and Molybdenum are up Q/Q but because the second half of the Q production is way up and going forward, forget about it they will be printing money IMHO.

https://www.wltribune.com/news/gibraltar-mine-receives-permit-calling-back-laid-off-employees/

Many forget just how big the difference in production will be now that they are back in (since mid Q2) their main money pit with softer ore, higher grades with higher through put and recovery rates.

10M pounds of copper and 100K pounds of Molybdenum a quarter is a lot and for half Q2 with those increased numbers is going to really show drastic change in numbers. Copper just stays where it is in price Q3 and Q4 will be 125%+ increase in the numbers. That is why the PT upgrade this week has zero to do with Florence as when that goes through a whole new set of upgrades and PT raises will be hitting.

Peace out.

[4Godnwv]

Out

[4Godnwv]

Bought back in this morning. 1st target is 50dma. After that it becomes support for next leg up, imo

Of course Cu has to cooperate.

[tdeck]

Missed that one, China doing it's thing but it is what it's thing, they did the same hustle and jive with iron ore, the ENTIRE world need copper and in amounts they can never keep up with by the time Florence is on copper will be $10 per pound that is just reality and if that crazy Peruvian govt does what I hope they do (as Venezuela did and nationalize) will be here far quicker than that.

New president is president there in name only, there is a stone cold lunatic Cuban educated Marxist behind him. He couldn't run because he went to prison for corruption so cannot run, which is odd I thought in SA that was a positive to run for office similar to the Democrat party here.

He has stated and wrote the parties manifesto two goals, nationalize and make laws so that they (Marxists) stay in power "forever" (his words)

Peace out

[artfulife]

Picked up another 500 sh today. 30,700 sh total now. TGB, the gift that will keep on giving. Thank you, Len!

[chaostrader]

Progress..$5 target

[artfulife]

Awesome

[pete807]

Great memory. Thanks for sharing. My Dad's cousin was 1 year younger and survived 25 missions in a B17. Got the Distinguished Flying Cross. Lived to be 98. We wrote back and forth for years. He authored articles for the Air Force News.

On one Mission to take out the ball bearing factories west of Paris he explained at 33,000 feet the head wind was 100+ mph... "we were sitting ducks". The flak was on them... His plane lost two engines and fell behind the formation. He wondered when they were alone if they would make it over the channel and why they were not shot down.

BUT... It was New Years eve 1944 and the Germans were drinking!. When they landed in England at the first RAF base many miles from their billet with 133 holes in the bird they were allowed to sleep... until midnight and were awakened to sing Auld Lang Syne!

[artfulife]

Thanks for the read, Pete.

Yes, I'm sure Len is smiling with us. I sure do miss him.

And, my Dad was a Staff Sargent who knew a thing or two about printing presses. The story he told us was that one day he was called in to a military base to fix the press that was being used during the planning of D-Day. He did so and, having learned of the top secret, was forced to remain secluded on base until after the invasion.

Never forget.

[pete807]

https://seekingalpha.com/article/4433262-taseko-mines-production-gibraltar-planned-after-permit-receipt

Lenny is smiling from his new realm! Keep the faith!

Today I remember my Dad's luck getting Utah beach 77 years ago with the 4th Division. From there is was Paris and Dachau.

Don't forget what happened. Tell the children.

-pete

[pete807]

Buy from the scared and sell to the greedy. Been working here too.

Florence mine will be built without the need for a partnership.

JMO

-pete

[chaostrader]

TGB Great company been a holder. Unfortunately, there many clowns looking for penny stocks with a pump and dump kick to it.
Jmo

[4Godnwv]

Everyone is entitled to their own opinion, but I find no comparison between TGB and penny plays. Honestly most bb/otc stocks produce nothing but stock shares. TGB is a real company with real assets. That said, I’ve flipped it three times over the last six months using the RSI among other indicators. Anything over 70 is a sell alert, anything under 50 is a buy alert. That’s of course only one way to play it. Well behaved moneymaker.

[chaostrader]

This is what a real company looks like. Focus on your subzero penny stocks hopefully, the SEC doesn't suspend any of your shell companies. I heard they are cracking the whip on those BS operations. JMO

[artfulife]

I'd say you're dead wrong. But, you do you pal.

[ThirdSyte]

Pump and dump off third party promotion.
Profit takers taking it down to. 50

[chaostrader]

TGB still holding well. I've accumulated a good amount in the low 2's if TGB falls any further I can acquire additional shares.I trade copper at times but this week i did step away. However, I do see a reversal coming. Any update with Florence?

JMO

[4Godnwv]

TGB might need to take a breath here (watch copper futures) support at 2.25, but a trip back to the 50dma could be just what the doctor ordered. I’m swinging it, out at the moment looking for a re-entry.

[chaostrader]

Of course not. The highlight is more on how bullish is the sector. JMO

[artfulife]

Funny, the article doesn't even mention TGB.

[chaostrader]

Room is asleep. Pull your technical charts once its over $2.

JMO

[chaostrader]

BOOM GOING TO $2!!!
COPPER SHORTAGES GETTING WORSE.
LOADED

https://investorplace.com/2021/06/7-stocks-to-buy-amid-exploding-copper-prices-and-global-rebound-optimism/

[4Godnwv]

Copper con

https://aheadoftheherd.com/copper-con/

[IamtheWalrus]

What’s going on here?

[tdeck]

Well

Copper have a rock solid $5 per pound by mid-June

Peace out.

[tdeck]

Like I was saying....

Copper hitting 4.70's

Tutes ownership up to..... Institutional Shares 50,153,392 - 17.71% and loading still.

https://fintel.io/so/us/tgb

Peace out.

[4Godnwv]

This has turned out to be a nice channel play. I intend to hold a bit longer this time

[royaltyfree]

Financial out. tasekomines.com

[4Godnwv]

Yup. We used to say, “Cut your losses short and let your winners run. Still agree with the first part. Preservation of capital is everything. But I can’t tell you how many times I’ve let a profit sit on the table, only to see the pps fall off. I guess each person has to set their own risk/reward. My needs are meager.

[ThatHawaiiGuy]

100% agreed. Been telling my older son the same.

Name of the game is buy low sell high not buy bottom sell top...if it keeps going up after you sell but you had a profit you won the game...the woulda shoulda couldas will kill you.

GLTY

[4Godnwv]

Never feel bad about taking a profit.

[ThatHawaiiGuy]

Only half not all...just take out the capital risk...

I have one stock where it really bit me in the butt selling half because it is a six bagger from where I sold BUT usually taking out the principal is a good idea...

This thing has been a champ, just slow steady gains week over week...and sure enough it has doubled...

[Rosco Mac]

Copper prices are ticking up and news about the Florence permit is imminent, I believe. I think any "crash" would be temporary and would give you an opportunity to re-enter if you choose.

[ThatHawaiiGuy]

Yep never go broke taking profits. I am deciding on whether or not to sell half and get all my initial out and ride free or wait some more and take out my initial plus some extra ducks...

One bagger on a copper stock amazing. Too easy to make money right now: I feel a crash coming...but meantime make hay while the sun is shining...

[royaltyfree]

Nothing wrong with taking profits.

[artfulife]

I'm in TGB for the long haul but, with my cb at $1.21, I couldn't resist taking a wee bit of profit today. My remaining 29K shares kept my portfolio green today.

[royaltyfree]

Pushed past 2.

[ThatHawaiiGuy]

Anybody think it can take out two on this run?

Copper is king.

Should have bought more under a buck...this has been a nice steady gainer...no day to day excitement but week over week this has done GREAT.

[royaltyfree]

Up, up and away!!

[royaltyfree]

Copper is Essential to Electric Vehicle Technology Copper is used throughout electric vehicles, charging stations and supporting infrastructure because of the metal’s durability, high conductivity and efficiency. Good to be in. Copper price’s to rise.

[tdeck]

$TGB
Today shares to short availability 550,000 began the week with 2.3 million with the borrowing fee going from 1.82% yesterday to 2.89% yesterday.

Elapsed Timestamp Short Shares Availability
33m 2021-01-28 04:31:50 550,000

Elapsed Timestamp Short Borrow Fee Rate (%)
33m 2021-01-28 04:31:50 2.89

Tutes continue to load
Q2 21.56 mil held
Q3 25.98 mil held
Q4 31.58 mil held

We will be taking those as well as any more weak ones and locking them up at $4+ we don't use margins, stop losses or flip we hold LONG as this is a main street investment "real" not hype, one that you can sleep at night with no worries, future is insanely bright.

https://www.nasdaq.com/articles/china-is-using-its-currency-to-stockpile-copper-and-grains-2021-01-26

A snippet from that article, read the entire thing it's worthwhile ...... ""Regarding copper, the world is facing the prospect of built-in, long-term supply shortages even as demand ramps up to never-before-seen heights.

As we have said before in these pages — on July 20, 2020, we explained why “Copper is Heralding a Rise in FDR-Style Public Works Projects” — the world is about to embark on a wave of ambitious infrastructure projects in an effort to get past the pandemic slump.

The U.S. is likely to lead the way with a multi-trillion-dollar infrastructure package, but other Western nations, like Germany and the U.K., are likely to follow suit.

At the same time, the “green industrial revolution” now taking place — a process in which electric car-charging stations vie with gas stations, solar panels see exponential uptake, and millions of homes and businesses are retrofitted for energy efficiency — will demand vast amounts of copper.

That is good news for the world’s copper miners, but it is also bad news because they are nowhere near prepared. The mining business is highly cyclical, and the world’s miners come into 2021 with significant cutbacks to their production budgets.

Global mining investment has been depressed for years — it is roughly a third of the levels from five years ago, according to commodities research firm Wood Mackenzie — and is not expected to rise in 2021.""

(That is except for $TGB who has been going through getting their next project Florence ready and the secured note taking out the 2022 note that was due in 2022 at 8.75% is due 2026 at 7% and they got the excess cash to go forward with Florence alone with the excess EBITDA that copper prices now and in the coming year(s) will provide.

EBITDA 2019 C$51M

EBITDA 2020 C$105-110 million (projection by company a week ago will find out for sure February 11th CC/ER

EBITDA 2021 C$200 million (Projection for 3.60 copper it rises EBITDA rises and the entire world knows it's gonna rise and keep on rising)


Florence when permitted in the coming months (projected 1st H2021)
Can go ahead and finish construction of plant to process, and it will be the lowest cost copper mine in the world $1.13 per pound (Gibraltor mine they have now $1.80 per pound) doesn't take a rocket scientist to figure those numbers out with copper price now and in the coming years.

Florence Copper awarded state permit for full operations

Dec 10, 2020 Updated Jan 18, 2021

https://www.pinalcentral.com/florence_reminder_blade_tribune/news/florence-copper-awarded-state-permit-for-full-operations/article_d6b351be-e1bd-5bdd-abbb-af1f47354a87.html

https://www.tasekomines.com/properties/florence-copper

"Once at full tilt, Florence is expected to produce an average of 85 million pounds of copper per year for 20 years, beginning in late 2022."

http://www.sbwire.com/press-releases/copper-wires-market-to-witness-huge-growth-post-covid-furukawa-diehl-group-mitsubishi-materials-1325154.htm

A snippet, entire article worth the read ""Any price pullback to $7,600 should be used to build longs. We expect copper prices to reach $9,500 by mid-2021,” analysts at UBS said.""



Soon we will have them all note closes February 10 and ER/CC February 11 hitting and the Chinese Lunar New Year celebrations will be ending, causing the momentary rest copper futures are taking to come to an end as it will climb higher this year and the years ahead.

Put plainly it's a no brainer.

No need for any Einstein's to post me with their words of BS wisdom, I shall neither read nor respond to you, you don't know me, you only think you do, that's your first mistake.

.Peace out.

[tdeck]

$TGB $400 million at 7% down from 8.75 and due in 2026 not 2022

I think they are gonna take Florence on alone, have to read through it, but that lowering that interest %


note due 2026 not 2022

January 27, 2021 - 2:30 pm

VANCOUVER, BC, Jan. 27, 2021 - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko") today announced that it has upsized and priced an offering of US$400 million aggregate principal amount of Senior Secured Notes due 2026 (the "Notes"), an upsize of US$75 million over the amount previously announced. Interest on the Notes will accrue at an annual rate of 7.0% payable semi-annually, and the Notes will be issued at par. The offering is expected to close on February 10, 2021, subject to customary closing conditions.

Taseko intends to use the net proceeds from this offering, together with cash on hand, to redeem all US$250 million aggregate principal amount outstanding of its 8.75% Senior Secured Notes due 2022 (the "Existing Notes") (including accrued interest), to make capital expenditures, including at its Florence Copper project and Gibraltar mine, as working capital, for general corporate purposes and to pay fees and expenses in connection with this offering.

[tdeck]

Indeed they shall. EOM

[Rosco Mac]

Still holding?

I think Taseko will be printing money in the next few years.

https://www.mining.com/hope-for-british-columbias-new-prosperity-project/