Detailed valuation on Taseko with and without the approval of Prosperity is $2.00 and $7.00 respectfully.
Since the current price is $2.05, the risk is near 0% and the potential gain is 350%. Given no downside
risk at the current price, one would expect risk takers to drive the price up to $3.00 - $3.50 per share for a potential 100% plus gain.
i see the provincial pension fund has been adding in a big way..also, they produced 12.2 mill. lbs. in july and if they did the same in aug. and sept. that would be close to a 50% increase in production, that should have some impact on the sp.
And like I stated in a previous post, if overall market players believed that for a second, money would be flying into this stock a warp speed. Practically no downside and 350% upside? Sounds way optimistic. And there WOULD be a sell off on non approval even though it might be short term. The article does acknowledge this.