Wouldn't it be nice if Sangold was in a position to do the same.

January 31, 2012, Vancouver, BC - Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) ("Taseko" or the "Company") announces that it has received Toronto Stock Exchange approval to proceed with a normal course issuer bid for up to 10 million common shares of the Company, which is approximately 5.1% of the Company's 196,504,895 issued shares as of today's date. The targeted purchases over a one year period are subject to the restricted payment limitations in the Company's senior notes indenture calculated as $20 million plus 50% of Taseko' cumulative consolidated net income from January 1, 2011 (consolidated net income (unaudited) was $34.7 million for the nine months ended September 30, 2011). The Company's normal course bid will commence February 3, 2012. Purchases will be made on the TSX at the market price at the time of acquisition.

IMHO this would be the best course of action for any miners that are worried about their undervalued stock.