| Long-Term Price Case | $3/lb. Cu |
| Project | Florence Copper Project |
| Ownership | 100% |
| Estimated Indicated Resources | 2.8B lbs. |
| Average Annual Production | 96.8M lbs. |
| Recovery | 99.9% |
| Payable Product | 2,517,480,000 lbs. |
| LoM | 26 Years |
| True All-in Costs (TAIC) | $1.98/lb. |
| Gross Revenue | $7,552,440,000 |
| State Royalty (~5%) | ($377,622,000) |
| Net Revenue | $7,174,818,000 |
| Total Operating Costs | ($2,265,732,000) |
| EBITDA | $4,909,086,000 |
| Income Taxes (Effective Rate 24%) | ($1,178,180,640) |
| Conoco Inc. Net Returns Royalty (~3%) | ($147,272,580) |
| BHP Copper Inc. Royalty (2.5%) | ($93,272,634) |
| Total Capital Costs | ($917,000,000) |
| Net Income | $2,573,360,144 |
| Net Profit Margin | 34% |
| Absolute Cost Structure (ACS) | 66% |
| MTQ Score (Higher is Better) | 0.5 |
| Estimated Average Net Annual Cash Flow Contribution at the Long-term Price Case | $98,736,000 |
The Florence Copper Project will be profitable at today’s Cu price and will prove a veritable cash cow at the long-term price case and above.
Our estimated Total All-in Costs (TAIC) of $1.98/lb. is stellar and will result in a healthy Net Profit Margin of 34%.
Florence is a well-timed Project with a bright future that will generate the cash required to self-fund the advancement of Yellowhead, Aley and Harmony.
Fahy Capital Management initiated a stake in Taseko Mines on 12 November 2019.
