Quick Win by the Algorithm: TGB up to 67.06% in 1 Month

Quick Win by the Algorithm

On January 1, 2017,  the I Know First algorithm had predicted a bullish forecast for TGB. Taseko Mines Limited, (TGB)  had a signal of 244.20 and a predictability of 0.49. In accordance with the algorithm, the company reported long-position capital gains of 67.06% experiencing a quick win by the algorithm.

Taseko Mines Limited is a mining company. The company produces and sells metal, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States.

Trading Predictor

On January 16, 2017, Taseko Mines Limited, (TGB) announced improved economics at its Florence Copper Project in Arizona. The completion of the Florence Copper Project resulted in a significant improvement in project economics.

Russell Hallbauer, President and CEO of Taseko, said that the outcome of the latest engineering work has increased the net present value (NPV) of the project to US$920 million. In addition to higher NPV, average annual copper production increased by 11%.  As a result of these benefits , along with combined lower operating costs and pre-production capital, Florence Copper became one of the least capital intensive copper projects in the world.

According to this point of view, Taseko Mines Limited, (TGB) is on the right path of a profitable future.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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