"Taseko Mines (TGB) is a great junior copper and gold producer, with more than 16 million ounces of gold resources, worth roughly $18 billion with gold at $1,125 an ounce ... and 11 billion pounds of copper, worth $37.8 billion with copper at $3.41/lb.
"Total gold and copper assets: Worth as much as $55.8 billion! Current market cap is about $800 million, a mere 1.4% of the value of its gold and copper resources. That's like buying gold for about $15.75 an ounce, copper for less than 5 CENTS per pound.
TGB (Taseko Mines) -- Haven't owned or traded this one in ages (last bought it in the 2's in 2007), but it is interesting again as a government agency threw cold water on TGB's efforts to get their Prosperity mine permitted. It is highly unlikely that this block will be permanent, and as such, TGB should recovery sharply when Prosperity carries on. The company has a successful mine already operating -- the Gibralter mine can sustain the company for quite awhile, but once Prosperity comes back into the picture, look for the stock to head toward the 5s.
Taseko Mines Ltd. just increased estimates for its Prosperity project to 7.7 million ounces of recoverable gold and 3.6 billion pounds of recoverable copper. That makes Prosperity Canada's largest gold reserve.
I estimate the shares are worth between $6.50 and $10 to the right buyer.
The mining and mineral exploration company says that about 23 million pounds of forward copper production, from June 2010 to December 2010, has been hedged at a price range of $2.50 to $3.95 per pound.
Following the announcement, Taseko's stock was upgraded to outperform from market perform by Raymond James analysts. Shares closed Wednesday at $5.52 and were up more than 11% in the premarket session Thursday.
Leave more links in this thread as you find them. I love how these were all just a couple months ago and they all knew that Prosperity was in the same position it is now.
I don't. They are untimely, and some just wrong. I have more respect for the opinions of a number of posters on this board than the writers of these blogs. And they don't force me to scroll past last years news to get to them...frog
None of these are over a year old.....one is from October of last year. They were mostly all written at a higher PPS than the current PPS. I think May, June, and July brought more good news than bad news, so I believe we are in a better position now then when most of these were written.
I just wanted to show actual links to a few decent blogs that are backing the stock.
The Street and The Motley Fool are pretty credible....the others I'm not so sure about. I never trust message board information so I like showing what I see outside of the boards. I respect your opinion though.