Trying to hear peoples thoughts on how much of the Prosperity site is built into today's price of TGB? How much risk is there in TGB's stock price if Taseko is unsuccessful in obtaining the go forward approval for Properity?
Good Luck Longs,
honestly, the risk of P not being approved is built into today's sp; however, the potential growth story will cease to exist if P is disapproved. Regardless of fundamentals, I think selling pressure and shorting will increase dramatically if P is disapproved resulting in overselling of this stock. At that point, I would consider buying incrementally until we hit the low (relative to my overall portfolio and risk of course) because this company does have production with an existing mine. The hope for the future would probably have to be a buy-out but definitely corporate leadership change.
why buy this company when they have had difficulty making any serious money during the highest copper prices in our lifetimes over the last 3-4 years.
There are copper miners out their that have better dividends, share price appreciation, etc.
This is one of the few holdings I have that has lost me money during the last three years while 90% of my positions are up significantly over the last 3-4 years.