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.

TSX:ARG - Post by User

Amerigo Resources Ltd

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Post by Stockbaggeron Apr 20, 2011 7:42am

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Post# 18459004

Copper is the new Gold

A number of factors have pushed copper significantly higher this morning.

*Copper has gone through the $4.30 cent roof this morning. https://www.kitcometals.com/charts/Copper.html

*Canadian/USA dollar mid market rate $1.052 this morning. A weaker USA dollar will mean commodity prices will remain higher for a long long long time.

*Freeport-McMoRan Copper & Gold Inc.(competitor) said it suspended operations at a mine in Indonesia due to mining accident.Subsurface activity was stopped at the Grasberg mine after an “industrial accident” killed one worker and left another missing, said Freeport, the world’s biggest publicly traded producer.

*Stronger than expected USA housing starts

*The metal also gained today after a report signaled that manufacturing remains robust in China. Worries about Japan slowing China have been put aside.