Stockchase Opinions

Bill Belovay Taseko Mines Ltd. TKO-T WEAK BUY Mar 13, 2008

Copper/molybdenum play. Molybdenum currently is hot, mainly because certain hedge funds have been trying to corner the market. Highly speculative as hedge funds can move the market and currently are in trouble. If they have to bail out it could drop the price. This is a reasonable company to own.
$6.280

Stock price when the opinion was issued

precious metals
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COMMENT
Early on got off side with first nations and that has snowballed. Province wanted mine to go ahead but the environmental studies were not in favour. It’s going to be ugly. Stock could get hit hard tomorrow.
BUY
Gov’t decision went against them. Valuation looks quite attractive. Stay tuned.
BUY
(Market Call Minute.) Just got hit by the federal government over Christine Lake. They’ll find another way of getting its assets.
HOLD
Base metal prices are falling. Not a good sign. He would be cautious.
BUY
This is a decent little company with a decent upside to it.
WATCH
Not sure if they are going to get their plan through the federal government. All you can do, is wait-and-see.
BUY

Quite a volatile situation. Stock rallied recently on quite a good quarter and on the prospect that their big Prosperity mine was going to get permitted. Prosperity will create a ton of value for the company but unfortunately, there are a lot of environmental risks. If you are patient, you are going to do okay. With today’s pull back, this is a buying opportunity

COMMENT

This still has legs. There’s been a break out in the 10-year decline we have seen in base metal prices, which should be positive for all the base metal companies, particularly the Canadian ones which could have by-products of zinc, lead or other things that can bring a fair dollar.

WATCH
This is on his watch list. He is not familiar with their fundamentals. Today's earnings release will help define their future.
DON'T BUY

Does not own shares. Prefers companies companies with lower costs and higher return on capital.