OTCPK:CPPMF - Post by User
Comment by
JoeStockIQon Feb 12, 2021 3:25pm
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Post# 32555249
RE:RE:RE:TKO up 5%
RE:RE:RE:TKO up 5%JoeStockIQ wrote:
Rational43 wrote: Yeah the market likes to reward a company that is negative cash flow at $3 copper. Right now its a bunch of monkeys throwing money at the metals sector, hoping to hit something.
At some point earnings and cash flow matter, and you don't see one copper producer trading at 3 x earnings, one at 13x earnings and one at....well...if TKO had positive earnings I could calculate it.
You're statement in regards to Taseko's balance sheet is true and their upcoming Q4 report isn't going to be impressive. That said, Florence is coming and current copper prices will get them over a few bumps. Share price likely heading over $2 US quickly after announcement of final permit. It's going to be hard for them to screw this up. Can they? Of course but not likely. Therefore, percentage wise, Taseko share price can bring some more large returns from where it currently resides.
See?