Amerigo Resources Ltd T.ARG

Alternate Symbol(s): ARREF

Metals & Mining Industrial Metals & Minerals

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.

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Amerigo Resources Ltd

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Post by Stockbaggeron Apr 07, 2011 7:11pm

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Post# 18401842

Supply Deficit

There has been a supply deficit of copper for years and it could hit half a million tonnes this year. Copper prices should rise and demand and also if the USA dollar continues to fall this year. Japan will need huger amounts of copper to rebuild so was not suprised that Equinox was on China's radar all the while the dorks were talking about copper demand falling due to Japan. Would seem natural for price to move higher as people buy in for the dividend and than sell after ex dividend day and than to move up longer temer due to due to fundementals. Two other stocks I like are HRG and AAB on Toronto.

https://www.bloomberg.com/news/2011-04-07/copper-gains-for-third-day-as-rio-fuels-china-demand-speculation.html

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