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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based copper focused mining company. The Company's principal assets are the 100% owned Gibraltar mine (Gibraltar), which is located in central British Columbia and is one of the largest copper mines in North America and the Florence Copper project, which is under construction. The Company also owns the Yellowhead copper, New Prosperity gold-copper, and Aley niobium projects. The Florence Copper project is located south of Phoenix in the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola region of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near the town of Vavenby. The Aley niobium project is located in northeast British Columbia. The New Prosperity property is located in south-central British Columbia and hosts one of the most significant copper and gold deposits in Canada. It is also located in an area of cultural significance to the Tsilhqot'in Nation, known as Teztan Biny and Nabas.


TSX:TKO - Post by User

Post by JoeStockIQon May 10, 2024 3:40pm
249 Views
Post# 36034302

Cup is Correct

Cup is CorrectFrom 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. 
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