Last December, Thomas Bishop, editor of BI Research, chose Taseko Mining Ltd. (ASE: TGB) as his favorite stock for 2007. It rose 44% as of 6/1/07. Please see Tom's original recommendation for Taseko and his current favorite stock for the second half of the year.
On TGB, he now says, "Strong prices for copper continue to help Taseko Mining. I should also note that molybdenum is now over $33 a pound. This is about as high as it has been in recent years.
"This 'small' byproduct of the Gibraltar mine, at this rate, could kick in $30 million of gravy. Once Taseko upgrades and expands its mill, considerable additional profitability should be unleashed, which we expect in 2008.
"I still like this little company a lot, particularly now that the stock has digested its earlier run. This consolidation was in part followed a less robust than expected first quarter, which I think only creates a buying opportunity because the growth story remains intact -- if not more so. I continue to rate the stock a 'strong buy' "
See all 20 stocks the advisors picked for the second half of 2007.
Twitter finally reveals revenue ambition, wants to be Google -- but not yet
Google says: Chrome for Christmas
Why is gold marching higher? Ask the central bankers
