% | $
Quotes you view appear here for quick access.

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.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
0.66+0.01(+1.62%)Jul 26 4:00 PMEDT