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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 COGTon Mar 08, 2006 1:40am
111 Views
Post# 10481153

RE: Review of Operations of Mineral Valle Central

RE: Review of Operations of Mineral Valle CentralIf I read sedar correctly the next qtr eps we get trailing Qtr's copper price.We'll see avg copper price Oct-Dec 05' in 1st qtr eps, avg over $2.Unless something implodes in copper market before Mar 31st next qtr report will be stellar at around $2.20 avg price for copper.Therefore, by using past qtr avg price for production, ARG should always be ahead in expendatures to forward or curtail business model.Then, all this fancy footwork of late will be to capture the benefit of strong upward move in copper price over the last six months.At the same time, safeguard profits if copper price quells.Comments?
Bullboard Posts