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Taseko Mines Ltd. Message Board

  • jcbrowns jcbrowns Mar 3, 2010 8:04 PM Flag

    Taseko Share Value:

    Taseko shares are seriously undervalued by almost any measure of value. For example, the 70 % of the El Moro mine in Chile was sold by Extrata (Feb.2010)to New Gold and then to Gold Corp for $463M (plus other considerations possibly bringing the total to $535M). Considering just the $463M brings the total value of El Moro to $661M. The El Moro total reserves are less than the Prosperity reserves. Sojitz established the Gibralter Mine value at $720M. Adding the two mine values gives approximately a $1400M present value to Taseko (neglects the two additional Taseko properties). At 200m diluted shares, I calculate a $7 present value per share for Taseko. Additional considerations (I won't elaborate)brings me to an $8 value.

    I also looked at all of the reserves of Yamana Gold,the shares outstanding and other factors (which I will not detail here) - and I conclude that if Yamana is fairly priced at today's market close of $11.45, I would have to place a $20 plus per share value on Taseko.

    I used a third method of determining present value for Taseko which I will not detail; however, I can comfortably say that Taseko stock price is totally unrealistic.

    Sell this stock short if you like, but my guess is that anyone doing so is treading on dangerous waters.

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