Possible Buypoint for TGB Taseko Mines
Taseko is coming close to another breakout point at $2. Today they released a news item that production from the Gibraltar mine is increasing due to upgrade work and costs are coming down. The copper price has significantly improved. Progress at Gibraltar leads me to believe this is an excellent play on copper and molybdenum with a hidden gem the Prosperity Mine in British Columbia which is one of the great undeveloped Gold/Copper projects in North America.
I am looking to add on an above average volume breakout out of an inverted head and shoulder pattern.
That call was awesome! I went long at $1.95 on the pullback today and it closed at $2.14.