RE: Colihueas glossed over in the call.Codelco is a slow moving organization. You can't push them. One of ARG's greatest assets is their relationship with Codelco. There is almost no other foreign companies that Codelco wants to deal with. Its not that Codelco is unreasonable, but they work slow. I believe ARG making progress to get approval. I expect approval to begin extraction by year-end. Then ramp-up to 45,000 tpd by the end of 2008. Expoect average production to be 20,000 tpd in 2008.
ARG is such a ridiculously cheap stock. Loe P/E even without Colihues. Potential to double earnings with Coligues. Lots of cash and valuable investments. Paying nice dividend. Stock will over $4.00 by year-end (and it would still be cheap).