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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 Tokatoon Jul 27, 2007 9:57am
485 Views
Post# 13159897

ARG shares are behaving well

ARG shares are behaving wellTrading at $2.90. ARG's Q2 EPS going to be super strong - at least US$0.10. They will declare their C$0.065 dividend (juicy!) Company should have cash position more than US$25 mm even after making DNT investment. And DNT shares up 50% from purchase. Things going right for ARG and only matter of time it is reflected in its share price. Stock should be worth C$4.00 today. Annualized EPS around US$0.40 (at US$3.00/lb copper price) without Colihues. With Colihues it doubles. That "option" not reflected in share price (i.e., shares worth more even if Colihues didn't exist). I expect they will start to ramp-up around year-end. Watch the shares make a move to new high (past $3.44) after Q2 is announced.
Bullboard Posts