TSX Commentary » Taseko Mines Limited http://www.tsxcommentary.com Canadian Market Commentary Fri, 26 Feb 2010 15:46:00 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 CIBC top picks for 2010 http://www.tsxcommentary.com/2010/shaw-communications/cibc-top-picks-for-2010/ http://www.tsxcommentary.com/2010/shaw-communications/cibc-top-picks-for-2010/#comments Wed, 13 Jan 2010 16:24:36 +0000 admin http://www.tsxcommentary.com/?p=459 Top Picks Of 2010
Ticker Company Rating Price Target
VNP 5N Plus, Incorporated Sector Outperformer $7.50
BPP BPO Properties Ltd. Sector Outperformer $21.00
CNR Canadian National Railway Company Sector Outperformer $65.00
EGO Eldorado Gold Corporation Sector Outperformer US$20.00
EMP.A Empire Company Limited Sector Outperformer $59.00
FM First Quantum Minerals Ltd. Sector Outperformer $115.00
FNV Franco-Nevada Corporation Sector Outperformer $46.00
MIC Genworth MI Canada Inc. Sector Outperformer $30.00
HR.UN H&R REIT Sector Outperformer $19.00
MN March Networks Corp. Sector Outperformer $7.00
PAAS Pan American Silver Corp. Sector Outperformer US$41.00
SJR.B Shaw Communications Sector Outperformer $24.00
SU Suncor Energy Inc. Sector Outperformer $44.00
TKO Taseko Mines Limited Sector Outperformer–Speculative $5.90
TOT Total Energy Services Sector Outperformer $8.00
TRP TransCanada Corp. Sector Outperformer $42.00

Source: CIBC World Markets Inc.

]]> http://www.tsxcommentary.com/2010/shaw-communications/cibc-top-picks-for-2010/feed/ 0 TKO Selling 25% Of Gibraltar Mine For $180MM Gearing Up To Build Prosperity http://www.tsxcommentary.com/2009/taseko-mines-limited/tko-selling-25-of-gibraltar-mine-for-180mm-gearing-up-to-build-prosperity/ http://www.tsxcommentary.com/2009/taseko-mines-limited/tko-selling-25-of-gibraltar-mine-for-180mm-gearing-up-to-build-prosperity/#comments Tue, 01 Dec 2009 17:27:43 +0000 admin http://www.tsxcommentary.com/?p=325  In our view, Sojitz is paying fair value for the Gibraltar stake, valuing it at
roughly $720MM. This transaction is a positive step for TKO and if the
transaction closes as announced it is accretive to our NAV per share as it
will replace most of our equity financing assumption to build Prosperity.
 This transaction places the company in a solid position to contribute the
equity portion of the ~$800MM needed to build Prosperity. Should the
company be able to obtain more traditional project finance, according to our
projections, only minimal further dilution would be required for Prosperity.
 We view this as a definite sign that management is confident in its ability to
get Prosperity through the environmental permitting process. We expect to
hear the Province’s decision in January regarding the environmental
permitting.
 Should the transaction close as announced, it will lower our equity and debt
financing assumptions. The net result is our price target moving from $4.00
to $5.50; however, this valuation is based on the speculative outcome that
Prosperity is granted EA approval and the Sojitz deal closing as stated

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