Taseko - the other insitu...Seems to have quite some problems here... with copper near multi years highs Taseko is way off its highs (from 1.7 down to 1.1). Furthermore it has quite some debt.
if you look for a pure insitu copper project in a perfect jurisdiction and with perfect infrastructure you will stay with Excelsior.
i think that we will profit from shifts of investment Taseko -> Excelsior.
Trading pattern last weeks:
no selling pressure
little buying volume leads to strong gains
the markt is washed out (the real investors are invested now - the believers not the speculators or the joes...)
Funds are on the sideline, I think the volume more speaks for private investors maybe a small funds too. So funds are welcomed - that will be the big driving element!!!
Nice week ahead - expect an opening price above ...? Yes :-)
Glta