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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: jimsioi who wrote (2837)11/1/2003 5:43:38 PM
From: orkrious  Respond to of 108551
 
Do have to laugh, more or less that's been their pitch for the last six months of the general equity rally....

lol, I was just listening to the recording thinking the same thing



To: jimsioi who wrote (2837)11/2/2003 7:02:20 PM
From: Jim Willie CB  Respond to of 108551
 
Taseko Mining ready to deliver TK knockout upleg punch

TKO.V TASEKO MINES 0.77
(US equivalent = TKOCF)
Market Cap: 35.7 Million

If you believe that copper is moving north of 1.00 and gold over 400.00, then TKO will command a market cap of over 200 million within a year in my opinion.

The credible team of Hunter/Dickinson (H/D) have a track record going back to 1988:

- North American Metals Corp. (Golden Bear property) was acquired by Homestake Mining Co. for C$40 million in 1988
- Continental Gold Corp. (Mt. Milligan property) was acquired by Placer-Dome Inc. for C$210 million in 1990
- El Condor Resources Ltd. (Kemess property now owned by Northgate) was acquired by Royal Oak Mines Inc. for C$111 million in 1996.

TKO has three projects at different stages of development:
Gibraltar: 4.7 billion pounds of copper
Prosperity: 2.3 billion pounds of copper, and 6.7 million ounces of gold
Harmony: 3 million ounces of gold

Full details here:

tasekomines.com

Plans are to put Gibraltar back into production at a cost of about (forward selling of copper so no dilution) $20 million with an announcement by year end.

The H/D team have 8 companies making new 52 week highs, with Northern Dynasty (NDM) leading (up almost 1200% this year) the pack:

AHR.V AMARC RSC 0.375 +240.91%
ARQ.V ANOORAQ RES 2.00 +400.00%
FAN.TO FARALLON RSCS 0.64 +212.20%
GBG.TO GREAT BASIN GLD 2.54 +182.22%
KMK.V CONTINENTAL MINRLS 0.50 +150.00%
NDM.V NORTHERN DYNASTY 5.45 +1,197.62%
RCW.V ROCKWELL VNTRS 0.12 +500.00%
TKO.V TASEKO MINES 0.77 +208.00%

Volume on TKO has jumped up 600% (12 million shares traded) from September to October. With a $4 million financing announced on October 30, and the large following of brokers, analysts, and newsletter writers that have done very well with H/D, TKO will not be trading under a dollar for very long in my opinion.