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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
Comment by waterboy2on May 05, 2011 2:38pm
502 Views
Post# 18535934

RE: What Happens with the Share Price

RE: What Happens with the Share PriceI am keeping it. ALL major copper producers such as Freeport, Xstrata, Codelco etc are reporting reduced copper output while overall global demand keeps growing. New mines take years and years to come on stream setting the table for a copper shortage. The clock is ticking and copper prices will be higher later this year. Meanwhile Americo keeps producing more and more each quarter, stashing the bank account.

Patience.....

GLTA
Bullboard Posts