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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 sesses3on May 07, 2012 3:55pm
201 Views
Post# 19881336

RE: 8/9 cent kwh!!!!!

RE: 8/9 cent kwh!!!!!

They have a contract that guarantees 8 cents/kwh for 2013-2018. The actual price will be a bit higher, since it'll have to be adjusted for inflation since 2008, but it'll still be much, much lower than what they're paying now.

 

On the downside, seems their generators broke down once again in Q1. Not sure why they keep bothering with them, to be honest.

Bullboard Posts