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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including mine permitting and development within the province of British Columbia, Canada and the State of Arizona, the United States. The Company’s principal property is the Gibraltar Mine, which is a copper-molybdenum mine that is located in south-central British Columbia. It also owns the Florence Copper, Yellowhead copper, New Prosperity and Aley properties. The Florence Copper property is located midway between Phoenix and Tucson near the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola area of British Columbia, approximately 150 kilometers northeast of Kamloops near Vavenby. The New Prosperity Project is a gold-copper porphyry, which is located in British Columbia. The Aley Niobium Project is located in northern British Columbia, approximately 140 kilometers north of Mackenzie.


TSX:TKO - Post by User

Post by dcjones4396on Sep 24, 2021 6:02pm
201 Views
Post# 33918062

Something A'int Right

Something A'int RightMaybe the Fishster can help me out here. Copper closed up today a nickle to $4.28. Only one week left to close out Q3 and all here know there aren't many unknowns about Q3 production results. TD Ameritrade has Q3 analyst's estimates at 5 cents. Posters on this board are guessing from a low of 14 cents to a high of 21 cents or thereabouts. I'm guessing at 16-17 cents with what we (think) we know. So Fish, here's my question to you...Let's say they come in at 15 cents with a guidance of Q4 production similar to Q3. What do you think the market prices the shares at with such a report? I believe you said Gib is priced correctly today. If that is the case, what do you think, maybe a 10-15 cent US pop on that alone? Then, let's assume for a second that by the time the Q3 report comes out in the first week of November Florence is in the public comment period, which obviously means the final permit is in the bag. Under this setting, what are you looking to exit your position from? $2.50 US? I know you don't like your money sitting idly by so I reckon that's your biggest decision...when to exit that is. I suppose it does make sense to start swinging block shares between the time Florence permit and Q3 gets baked into the share price and when Florence actually goes into production. That would present one solid year to swing the natural ups and downs of the share price. For me, I'm probably going to hold until the Q4 / 2021 annual reports get baked into the share price as they should also add to valuation. Regardless, share price at closing today of $1.82 US seems crazy to me and wondering why so many people are on the sidelines with all of the information available to anyone that takes the time to look. 
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