Post by
JCSunsfan on Mar 18, 2024 3:23pm
Valuation
The trailing PE for Taseko right now is 9 according to Bloomberg, Google, Seeking Alpha, and Brian Bergot. Yahoo and other sites have not updated in some time.
If q124 is similar in results to q423 they would drop a 1.5 cent quarter and add an 8 cent quarter. That would drop the PE to 6. Freeport is running a 25 PE. With the prospects of doubling the earnings in 18-24 months, what should the PE for this company be? I would think that 25 is VERY conservative. Everything is now almost completely de-risked.
Thats a 4 bagger, based upon just plain solid, fairly conservative fundamentals. And that does not consider any increases in the price of copper.
Comment by
nofluff on Mar 18, 2024 3:46pm
Awe jc. U talking my language. Bags!! U do 4 bags. I got to do 20 bags to match:)) Time will tell. I am quite confidentmwe all do good. Nf
Comment by
JCSunsfan on Mar 18, 2024 5:00pm
I got "bags" from Peter Lynch long before I got here! Thats how I knew what you were talking about.
Comment by
cupricity on Mar 18, 2024 5:05pm
Fluff your 4 bags of NCU will worth 4 bags of potatoes that have sat in the summer sun for a month. The glue factory is relentless. Of course the 20 bag comment is correct. If you would not have traded 2.50 taseko for 1.50 NCU you would be above break even instead of down 93 percent......