$TGB : Taseko Mines — New Prosperity… What if?

Long-Term Price Cases$3/lb. Cu, $1,700/oz. Au, $24/oz. Ag
ProjectNew Prosperity
Ownership100%
M&I Resources12,836,666,667 CuEq lbs.
Average Annual Production247,911,111 lbs. CuEq
CuEq Recovery64%
Payable Copper3,648,000,000 lbs.
Payable Gold7,720,000 ozs.
Payable Silver19,800,000 ozs.
LoM33 Years
True All-in Costs (TAIC)$1.55/lb. CuEq
Gross Revenue$24,543,200,001
Total Operating Costs ($6,664,337,195)
Operating Profit (EBITDA)$17,878,862,806
Income Taxes($4,827,292,957)
Total Capital Costs($1,149,157,800)
Net Income$11,902,412,049
Net Profit Margin48%
Absolute Cost Structure (ACS)52%
MTQ Score (Higher is Better)0.9
Estimated Average Net Annual Cash Flow Contribution at the Long-term Price Cases$359,471,111

Notes: All Values in U.S. Dollars

An encouraging development at Taseko this week:

The Tŝilhqot’in Nation and Taseko have agreed to an outstanding litigation freeze, while the parties engage in what we hope proves a fruitful dialog aimed at the resolution of a decade-long conflict.

Were a resolution to be reached and development of the New Prosperity Project green-lighted, Taseko would be catapulted into the top ranks of North American mid-tiers.

New Prosperity is one of our favorite development-stage Projects and our economic analysis demonstrates why.

It’s time to pray!

2 Comments

Hi Tom – Its been 5 yrs since you put out a note on Taseko mines and the “WHAT IF” for New Prosperity. In its lastest quarter update on May 1,2024, “Tŝilhqot’in and Taseko formally reinstated the standstill agreement for a final term, with the goal of finalizing a resolution before the end of this year.” Will be interesting to see if anything happens !?

Hello, Gary,

It WILL be interesting. Fundamentally and technically, I believe we are witnessing some of the best opportunities to emerge as resource investors in decades. I’m am watching many investors sell into every uptick, distrusting nascent trends, disregarding long-term breakouts of spectacular importance. We are driving lots of cash to into under-followed explorers, as well as into majors like Barrick. We have raised New Found Gold, following on the heels of its Kingsway acquisition from LabGold, to ~3% of the fund, buying as it drops.

Good luck with your investing,

Tom

Leave a Reply