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Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Amerigo Resources Ltd. is a Canada-based copper producer. The Company owns a 100% interest in Minera Valle Central S.A. (MVC), a producer of copper concentrates. MVC, located in Chile, has a long-term contract with the El Teniente Division (DET) of Corporacion Nacional del Cobre de Chile (Codelco) to process fresh and historic tailings from El Teniente. The Company operates in one segment, the production of copper concentrates under a tolling agreement with DET.


TSX:ARG - Post by User

Bullboard Posts
Post by STE15165on Feb 03, 2011 2:10pm
354 Views
Post# 18070446

fus-traded

fus-tradedWhy are a half million shares being traded daily and this thing has a hard time holding its share price. With copper at an all time high and analysts like Salman Partners giving it a 2.85 target price . Scratching my head. 
Anyways the generators should have us at about 0.12 cents/kwh. Plus its possible to export power into the grid and make 5 cents/kwh. Got to stay patient and let the market wake up or get their confidence back.    
Bullboard Posts