Taseko Mines Ltd T.TKO

Cup is Correct

[JoeStockIQ]

From 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.

[JCSunsfan]

If they average $4.50 copper over this fiscal year, and their c1 is say $2.20 or so, their EBITDA will be close to $270 million.  That is basically $1 per share.   That valuation would be really low based on fundamentals.  Owning Gib 100% makes a big difference.  Then there is Florence coming on line which will gradually be reflected in share price more an more as

[spitfireIVX]

Ya, it wouldn't hurt for new investors to read this: https://www.biv.com/news/resources-agriculture/tsilhqotin-release-mining-oil-and-gas-policy-8273636

[Crackle]

Agreed. Yellowhead may also take a step forward by the time Flo gets into real production, possibly into permitting in 25 or 26. 

[JCSunsfan]

Yep.  By the time Florence is in full operation, plans will be well underway for the next project and the excitement will be ramping up for that. 

[JoeStockIQ]

We explained above why it will be difficult to move the share price substantially higher from these levels, even with nice copper up days. Today is illustrative of the points we made. Florence is still too far away from production to factor in current share price. They will be spending heavily over the next 18 months until production comes to the rescue. $5 US copper and a strong Q2 earnings

[JCSunsfan]

I just disagree with the idea that Taseko is fully valued.  It is trading at a deep deep discount to its peers with a better two year outlook.   This short term rolling strategy is a self-fulfilling prophecy, keeping this company from an appropriate valuation.   I do agree about the banking crisis, and a LOT of people I know are rolling puts on regional banks right now.&

[JoeStockIQ]

We're not asking you or anyone else to agree with us, just giving our take so people have the opportunity to evaluate for themselves before something really bad occurs. That said, here's where we think you're getting things wrong: we trade on the reality of how Taseko shares have been historically valued. You're trading on how you think shares should be valued. The entire

[JCSunsfan]

I just know a lot of people buying rolling puts on regional banks.  I am not disagreeing with the strategy.  

[JCSunsfan]

Hey JoeIQ just a point of clarification.  When you post first person plural, who is "we" besides you?  

[nofluff]

Well JC.   100% of tkoers r at profit. If cha thinking MMS r going to let an under valued stock run much with that dynamic. I doubt your knowledge of stock market. They want itas cheap as they can get it. Time. Will b the teller. If I had held, I would b up 20% now. Of course, I am down 50% on my Colts. The future will b interesting. Nf