Taseko Mines Ltd T.TKO

Gibraltar, slayer of downturns, hero of upturns

[cupricity]

The deal kind of sucks for the seller.  They paid 200 million in 2010 or so for a 1/4 of Gibraltar.  They held for 14 years and sold at 30 percent profit.  Yikes.  Meanwhile TKO has picked up the rest of the mine as the copper upturn starts.....   With a trailing 9.5 times earnings going into production of Florence in a high copper market we could easily see 10 dollars Canadian.  
    One way that few investors look at things is the sunk cost plus appreciation way of dealing with valuations.  If we took the 150 million that TKO has spent on New Prosperity, the 350 million cumulative between previous owners and TKO on Florence, plus the investments in GIbraltar, not including things that depreciate, TKO has well north of a billion invested in it in the last 15 years.  When we add a 6% interest rate to that number it's coming up on 2 billion CDN.   As the market gets hot for copper the replacement cost of TKO rock and development is the cost of new copper supply.  Inevitably TKO will get to that point.  10 bucks baby, 10 bucks.
     Maybe I should sell some of  my TKO and take out the 3 million shares for sale on NCU for 10 cents, but then again, I don't think I will.  TKO is generating cold hard cash with GIB and paying for development of Florence.  Wait till Florence is generating cold hard cash.  It is my understanding that generational shift is occuring at New Prosperity amongst the local Chilcotin.  The power of First Nations to adjust and shift decisions maybe at it's Zenith as Canada slides down a 10 year lost GDP per capita and Chilcotin people are very smart and capable and are aware that now maybe the time to move.  That's 15 dollars if that happens.

[JCSunsfan]

Are there any articles about generational shift?  I would think the shift has to happen at the top levels. It looks to me like Canada is headed toward a shift from the Liberal to Conservative party in the near future.  You all would understand that much more than me.  I have no ida what that might mean for NP if anything. 

[cupricity]

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[nofluff]

ya jc. govs. have ability to print money (Liberal) or not print (conservitive) never did see a difference.  Always did see a hand in the till:)) Hooe that helped!! nf

[nofluff]

ya jc. govs. have ability to print money (Liberal) or not print (conservitive) never did see a difference.@ Always did see a hand in the till:)) Hooe that helped!! nf