Every ten cent rise in copperEvery ten cent rise in copper adds 11.5 to 13 cents to the bottom line. All USD. C1 does not change with the price of copper. We are now a full dollar over the average price of copper for q1. That should be $115 million added to the bottom line this year based upon production guidance.
The market is granting Taseko a 10 PE. So that should add $1.15 billion to the market cap. Add. Over the average q1 market cap. Just based upon present multiples. That's an additional $4 a share. Just based on conservative fundamentals.
without Florence. Without NP. Without any other projects.
so why hasn't the price gone up more. Like NF said. Too many owners in the money and selling. New buyers will come in. Some will sell, rethink and then buy again. It takes a while to digest the implications. However Taseko is taking in the profits RIGHT NOW.