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$1.02 -0.13 (-11.23%)
10/15/2008 4:00 PM

Taseko Mines Limited (USA) (TGB)

CAPS Rating:
*****

The Company focuses on enhancing production of copper and molybdenum from its Gibraltar mine and acquiring and advancing development of tonnage mineral deposits.

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Recs

15

Avatar TMFSinchiruna (< 20) Submitted: 1/06/08 12:57 PM : Outperform Start Price: $2.38 TGB Score: -20.74

TGB has been one of my best performers. I first purchased it in real life about a year before I got started with CAPS, so there's been a good bit of run-up. They have several massive resources in British Columbia, including the Gibraltar mine which is a HUGE copper deposit. While copper prices could conceivably go soft for the 1st half of 2008 as global demand might be seen to be in decline with a global recession, I predict that copper will rebound heartily for the second half of 2008 as the industrial demand in China, India, and elsewhere will remain strong. Meanwhile, TGB's considerable gold reserves will continue to rake in the dough. :) TGB operates in a very politically stable area (all in Canada), and for the juniors this is a great plus for reducing risk. Management has done well by me for the past 2.5 years, so I'm holding this one for the very long haul!! I also liked that TGB got a bod from the article linked below, in which I believe the writer to be spot on with his predictions as well.

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