I think several people here wondered why TGB’s share does so well at this present time (and certainly we may see a rise above $4 next week assuming copper will do well + overall market does not get Greek anxiety again). Nevertheless, the following article from Friday was the key:
http://business.financialpost.com/2011/1...
Reading the article and assuming that one can now expect Taseko to get the permit for the Prosperty property Taseko just added another 3 Billion NPV. I am checking daily Northern Dynasty news and the hype about their Pebble permit. NAK’s sp rose 30% over the past 2 weeks, while their chances to get the permit soon are illusion from my perspective. Still TGB’s chances to re-add 3 Billion NPV (and that’s the low figure considering the current price for gold, clearly could justify TGB’s share price to rally equally 30%, or even double from here. I expect the New Prosperity Mine permit to be granted within 6 months. $10 appreciation per share would be within the reach afterwards. The anticipation of this event alone should make TGB’s sp rise on the way to this point.
http://www.tasekomines.com/tko/Prosperit...
Prosperity - One of the largest undeveloped copper-gold deposits in Canada
The Prosperity deposit is a gold-copper porphyry with a 1.0 billion tonne measured and indicated resource containing 5.3 billion pounds of copper and 13.3 million ounces of gold. At today's metal prices (US$1,000/ounce gold and US$3.15/pound copper) the project has a pre-tax net present value of C$3 billion and a 40% pre-tax internal rate of return.