Didn't realize there is a Gold, Mining and Natural Resources here :).
Any thoughts on Taseko Mines Ltd. (TKOCF)? I am particularly
interested in hearing any negatives out there.
The only negatives I can come up with is: their previous results
were wrong, and there is no gold to be found in that property.
The Canadian government refuses to issue mining permit.
Even if the current angle redrilling program does not turn out as
expected, the stock at current price (using the results of
previous drilling) is a steal.
Assuming the low bargain price of $20/oz of 'proven' gold:
9.4 million oz * $20/oz = $188 million.
Ignoring the 3.5 billion lbs of copper, and at 15 million shares
outstanding:
$188 million / 15 million = $12.53/share
Which is twice the price it has been trading at, currently.
I have been and still buying this one, but am a bit concern
that I might have gotten too positive and not seeing the negatives.
Thoughts, comments?
Regards,
T. B. |
