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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ken Reidy who wrote (26333)	1/4/2004 7:18:12 PM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 39344

I think Taseko's market cap at just over C$100 million is still too low. There's no capital asset on the balance sheet to depreciate so it is a matter of the spread between the price of copper and Taseko's operating cost per pound. It's basically a cash on cash type of deal. If it produces 60 million pounds of copper per year at a cost of C$0.90/lb you can figure what it may make. Smelter contract will be easy. If your bullish on copper, the market cap is also too low. Plus they have Harmony and Prosperity the two undeveloped virgins both with upside.