| Long-Term Price Cases | $3/lb. Cu, $1,700/oz. Au, $24/oz. Ag |
| Project | New Prosperity |
| Ownership | 100% |
| M&I Resources | 12,836,666,667 CuEq lbs. |
| Average Annual Production | 247,911,111 lbs. CuEq |
| CuEq Recovery | 64% |
| Payable Copper | 3,648,000,000 lbs. |
| Payable Gold | 7,720,000 ozs. |
| Payable Silver | 19,800,000 ozs. |
| LoM | 33 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 Margin | 48% |
| 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