RE:validationnofluff wrote: That move says how undervalued tko is. so we close the financing and get permit. Start pouring concrete and put drills to work.
If copper holds, I say 3.50 by march. That is only a 2 bagger. Still real cheap.
Us 6 figure club r doing o.k. But we took all the risk and have been at it for over a decade.
Finally getting some love.
nf
There are up days like this when long time investors decide to take a little off the table because it will go back down tomorrow. This is NOT one of those days. TGB being up 15% today is going to start catching the eyes of people who have not considered copper or this stock. In fact they might be coming to this message board to do research.
Copper is a better investment than silver right now, IMO. And this might be the best copper stock out there. EPA permit any day. Florence built in the next year. 200 plus million pounds of copper coming out every year at an average cost $1.90 per pound. 80-100 million pounds of that will be pure cathode copper ready to roll out of the production facility and literally feet from major rail and road transportation. That copper can go from the ground to a plant to make widgets in a matter of days.
With copper at $4.50 a pound, which is where I expect it to be when they cut the ribbons on the Florence plant, that is nearly a billion in revenue and more than $500 million in EBT. The present market cap is 382 million. Think anyone would do a double take to see PE .76. Please do not miss the decimal point.
That evaluation is based upon just two properties. They also own the New Prosperity Mine, which behind closed doors is moving toward positive news. The tribe that has been opposing the mine for years joined with the company in a request to extend the permit. That is HUGE news that has flown under the radar.
See my Yellowhead Mine post earlier. This stock is so undervalued it is silly.