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Gold/Mining/Energy : Taseko -- Ignore unavailable to you. Want to Upgrade?

To: Valuepro who wrote (6)	7/27/2005 4:06:34 PM
From: Broken_Clock	Respond to of 32

Pretty much how I see it VP. Basically, the world's population continues to increase while the techologies we have are not able to find and extract enough commodities to keep up. the selloff in tgb today indicates to me that the current holders of the stock aren't even convinced in the copper story ...and on a day when copper is up another 3¢.

To: Valuepro who wrote (6)	7/27/2005 4:42:34 PM
From: Broken_Clock	Respond to of 32

Ca....Ching!! UBS Concedes Copper Price Forecasts Too Low July 27 2005 - Australasian Investment Review – (AIR) UBS has lifted its copper price forecasts for the remainder of this year and the next two years, as it expects current de-stocking and a short-term easing of supply pressures to be offset by continued strong demand and risks to supply growth. The broker’s estimates have increased by 7% this year and in 2007 to US$1.55/lb and US$1.22/lb respectively, and 5% in 2006 to US$1.33/lb. As a result of these increases, the broker’s earnings forecasts and price targets for the major Australian producers have increased, with earnings for large producers such as Rio Tinto (RIO) and BHP Billiton (BHP) increasing by 2-3%. Smaller producer Oxiana (OXR) has seen its forecast earnings increase by 22% in FY05, but by less than 10% in both 2006 and 2007. Valuations across the sector have also increased, with BHP and RIO valuations up by 1-2% and OXR by 4%. Given Newcrest Mining (NCM) has a large proportion of its copper output hedged, there is little change to either its earnings outlook or valuation. Copyright Australasian Investment Review. AIR publishes a weekly magazine. Subscriptions are free at www.aireview.com