RE:RE:copper priceJCSunsfan wrote: nofluff wrote: very unusual activity. Usually when stock market closes, comex trading ceases ore heads a bit south. Yesterday, trading continued and price cosed at the high.
I am guessing next week will b more of the same.
Bhp has teamed up with 7 other exploration corps to amalgamate their tech and go looking for metal. With govs. promoting mining and big miners looking, all viable deposits should come to value.
To find ymi, gib, flor. np and alley and build a gib mill today will cost about 5 billion. So mc of these good deposits should match. That is only 15 or 20.00 cad sp.
Good to b in copper
They should just sell the whole kit and kaboodle to one of these big co's and cash us all out at $15 (USD)/sh.
Do it. Do it now. We have waited long enough!
And yes, I know this is not realistic. Should be though.
An operational Florence has always been the game changer for this company. Once that happens, everything changes. Not just the share price, legitimate takeover attempts should follow as they will be cash positive with their prime remaining assets. Bargain hunting days are coming to an end with each month that passes. The only monkey wrench in this equation is a market collapse that metal head constantly screams about. That is a possibility for sure but Taseko is extremely well situated moving forward.