Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Taseko Mines Has Enormous Upside Potential

This article is about Taseko Mines (NYSEMKT:TGB). Taseko Mines has a market capitalization of $435 million. It currently owns three development and exploration stage properties outright and it owns a 75% stake in a copper producing mine: Gibraltar.

Taseko Mines has enormous upside potential given the value of its in-ground resources, although it is a risky and complicated investment. It has roughly:

  • 23 billion pounds of copper
  • 23 million ounces of gold
  • Nearly 1 billion kilograms of niobium

The current market valuation of all of these assets is over $200 billion at current prices. Thus even if the company could only extract these resources at razor-thin margins it could still make several billions of dollars and probably have...

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