Sunday, August 10, 2014

Seeking Alpha: Taseko Mines Far From Knocked Out

Both of the Canadian copper miners I liked in December of 2013, First Quantum (OTCPK:FQVLF)(FM.TO) and Taseko (NYSEMKT:TGB)(TKO.TO) have done all right since my initial recommendations (here and here). First Quantum is up almost 45% despite an August pull-back, while Taseko is up more than 20% even with the February rejection of its New Prosperity permit. Relative to Taseko (and the wider base metal sector), I still see meaningful upside in Taseko shares. New Prosperity is very much a long shot now, but Gibraltar is a worthwhile asset and Aley is looking better and better. Add in the potential of a value-creating acquisition and I still believe there is money to be made from Taseko shares.

Continue reading more here:
Taseko Mines Far From Knocked Out

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