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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 May 06, 2011 10:42am
412 Views
Post# 18539865

Net income

Net incomeMy rough calculations are:

45.9 mil copper sales
  3.1 mil moly
49.0 mil in gross sales

Last quarterly showed about 25 million in power,royalty's income tax and all other costs. Costs will be similiar however power will be a bit more so lets add on 1 million in costs.

Therefore total sales minus total costs equals:

 49 mil
-26 mil 
+23 million in net profit.

That is freakin amazing. Times that by 4 and will have 92 million profit for the year. I'm definately holding.
Bullboard Posts