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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 STE15165on Aug 18, 2010 1:06pm
491 Views
Post# 17361698

RE: RE: Q2 results just released

RE: RE: Q2 results just releasedI'm really impressed. The market will notice eventually.

   With copper staying where were at for the forseeable future we will make an extra 2.4 million vs @3.09/lb
. The deferred royalty payment of 1.8 million is repayed and electrical costs going down by using company generators. Therefore the next quarterly will be 4.2 million plus of net income. How do you like them apples.

Also our loans are bridge type with one being repayed early 2011 and the other in 2012. Throw in another surprise along the way like getting the second tailings contract  and i believe we will be at 1.30-1.60 in another year.
Bullboard Posts