Taseko Mines Ltd (TGB)

[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