Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 JoeStockIQon May 10, 2024 3:40pm
213 Views
Post# 36034302

Cup is Correct

Cup is CorrectFrom current level, it will be difficult to move substantially higher. Florence is still a long way off from producing, favorable prior earnings reports and current price of copper has been factored into share price and Gib is a known asset in terms of current share price. So, as Cup correctly pointed out, this is the first time in over a dozen years that a high percentage of NEW Taseko investors are nicely "in the money". This leads to a scenario in which A LOT of swing trading is happening and will continue to happen. Especially with entities that hold several hundred thousand shares and up. Simply setting a 10 - 15 cent U.S. range with say 50k shares can be a relatively safe way to bank decent continued, rolling profits from the trades. Yes, if copper surges to $5+ quickly the parameters may move up a bit but not to substantially higher valuation due to the reasons stated above. Keep this in mind if you're expecting a jump to say $3 or higher anytime soon. We just can't envision that high of a share price with Florence so far out. Food for thought. 
<< Previous
Bullboard Posts
Next >>