Taseko Mines gets hit hard by news that Prosperity was denied
Taseko Mines was down nearly 30% after hours on reports that the Prosperity Gold and Copper Project was denied by the Canadian Federal Government.
I'm still holding/buying though. I think they have a backup plan and TGB without Prosperity is worth much more than it is currently trading for. P/E of 11 based on a $6.50 stock.
Lots of shorting and selling today followed by more tomorrow I'm sure. Hold tight; it's going to be a bumpy ride!