Undervalued? Yes, but remember...As we currently sit at $2.30 US, many comments here today relate to how undervalued Taseko remains. To that end, here are my beliefs:
1. Agree with Fish that we are fully valued on Gibraltar alone at $4.25+ US copper,
2. Agree with all comments that Taseko (rightfully) remains a "show me first" equity,
3. Taseko management has driven us all bat sheet crazy multiple times,
4. Don't agree that news of pending Florence draft permit is already baked into share price,
5. Obviously, a valuation of Zero is currently reflected to remaining Taseko assets,
6. While the reasons for the occurence of #5 above "might" be understandable...,
7. That will change in a few short years for long term share holders,
8. After the final permit is issued once the public comment period is over, share price will climb,
9. Opportunities for successful swing trading will still be available moving forward, and,
10. Most of us have been fortunate enough to have a very low dollar cost average in obtaining our shares. It's hard to complain about a $2.30 share price with a DCA of under 60 cents. I remain confident that we'll be over $3 US at around the time Q4 / 2021 Annual reports are released in February. From there it should be a ride to $4 US when Florence finally starts producing in Q2 of 22, with lots of opportunities to swing trade along the way.