Taseko Mines Ltd (TGB)

[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.