Taseko Mines Ltd (TGB)

[GettinThere]

Estimate for profit and forward share value based on current price of copper at +$3.70/lb.

From profit figures from below (previous quarter ending 12/31/05) based on copper selling at an average of $1.88/lb they made $0.06/share.

Simply take $3.70/lb - $1.88/lb = $1.82/lb
$1.82/lb x 15.5Mil lbs quarterly production = $28.21Mil
$28.21Mil / 110Mil shares = $0.256/share/quarter
Add the $0.06 to $0.256 = $0.316

Using this simple method "should" take into account all of their expenses based on the quarter ending 12/31/06.

Forward "share value"
$0.316x4 = $1.264 x PE8 = $10.11
$0.316x4 = $1.264 x PE12 = $15.17

This does not take into account several other variables increasing profits which will go into effect later in the year.
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(From earnings statement for quarter ending 12/31/05)
Taseko had after tax earnings of $6.7 million, or $0.06 per share ($0.06 per share fully diluted) in the first quarter of its 2006 fiscal year. The Company had an operating profit of $8.1 million for the period.

The Gibraltar mine met its copper production forecast for the quarter and exceeded its molybdenum production forecast by 11%. In addition:

- Revenues of $36.2 million and $5.1 million were realized from sales of copper and molybdenum.

- The average prices realized for sales were US$1.88 per pound for copper and US$22.45 per pound for molybdenum.

- Copper production was 13.4 million pounds in concentrate.

- Copper sales were 16.4 million pounds in 28,912 wet metric tonnes ("WMT") of concentrate.