Taseko Mines Ltd T.TKO

Re X'5 Just When

[copperminer]

Hey Golden re the math. There are so many ways to value an operating miner, so for this example I valued Gibraltar from a 100% replacement cost, everything in, even the paper clips, at $2 Billion.Then divided the above worth by the approx 270,000,000. shares, and the result was $7.41. There's always some juice in these deals, so I rounded it out in total at $10.00

And then there's the Florence. With the Curis purchase of $80 Million, and costs to date on site, likely a total of $200 Million . Then add mine build costs of $230 Million, for a total of around $500 Million for an operating second mine.

Then there's the rest of the show

If you have concerns, take a look at when AngloAmerican sold their deposit. The sale price, and how many bids there were, and who the bidders were, stunned the mining world, absolutely stunned all watchers. There was a lesson there.

When we are ready, it will be no different here

Believe it!

[Fishbillion]

This post has been removed in accordance with Community Policy

[JoeStockIQ]

Hey Fish, of course you're correct here. The share price valuations that some posters here come up with is often amusing, especially pertaining to their time frames. Let them enjoy their fantasies. That said, with a final Florence permit and copper prices staying over $4 US for some time to come, a $4 US share price for Taseko within one year from today remains quite viable. Not a bad return

[JCSunsfan]

Gib is only losing money on paper.  Keeps padding the bank account and buying mines.

[JCSunsfan]

I am trying to find out information on this sale you are talking about but can't find it. Could you post a link? in the end, the only value that matters is what investors are willing to pay for shares.  Or if they start paying dividends at some point.  That's why they have to start posting green pennies on earnings reports.  They bank their cash but that is not enough.

[JCSunsfan]

Ok.  I guess you are talking about the sale of 30% of the Montoverde mine to Mitsubishi.  Sold for $300 million a year ago but the price could go up to $500 million if certain conditions are met.  Let's assume a $500 million price.   The mine has roughly twice the reserves that Gibraltar has.  There are so many more factors that go into valuation, c1 costs

[JCSunsfan]

So based roughly on that sale price, Gib should be worth about $3 a share and Florence the same.  The other holdings are just extra.  I am sure I am missing something.     So would you all be happy if they sold off 30% of Florence  for $250 million?

[nofluff]

250 million u.s. puts over a dollar a share in bank account. Gives us a valid watch dog on management and ups flor value to 3.00 a cad share for remaining 70 percent. So a 4.00 immediate increase on sp I take today. Was that mine developed or just a deposit? nf

[JCSunsfan]

Looks like it was a developed mine.  There were two mines actually.  Ah.  Might have to go back and rework my numbers.  

[nofluff]

Just remember. That was in low copper price environment. nf