15:07: TGB - Taseko Mines: headlines crossing that Canadian fisheries did not make a decision on TGB's Prosperity Mine; could have been what impacted stock earlier (6.18 -0.71)
15:09 "TGB's Prosperity deposit is a gold-copper porphyry with a 1.0 billion tonne measured and indicated resource containing 5.3 billion pounds of copper and 13.3 million ounces of gold. At today's metal prices (US$1,000/ounce gold and US$3.15/pound copper) the project has a pre-tax net present value of C$3 billion and a 40% pre-tax internal rate of return... Prosperity has gone through the most rigorous Environmental Assessment review of any project in British Columbia. The granting of the Provincial Environmental Assessment Certificate in January 2010 was an important step forward. In March and April of this year the Federal Panel reviewing the project conducted six weeks of public hearings. In July, the Panel submitted its final report to the Federal Cabinet for their ultimate approval of Prosperity. The company expects final approval in October. In anticipation of final approval, Taskeo has been advancing aspects of the project. In July 2010, a contract was signed with Ausenco Limited for the first stage of the Engineering and Procurement. During the second quarter of 2010, statutory permit applications were submitted, including the application for the British Columbia Mines Act Permit. Additionally, procurement of long lead equipment, project financing and negotiating concentrate sales agreements continue to be advanced."
Focus Focus Focus Focus !!!!
AI
