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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

Comment by SomeGainNoPainon Jan 19, 2022 2:00pm
90 Views
Post# 34333825

RE:RE:RE:Morning Star

RE:RE:RE:Morning StarSorry it was SavvyInvestor333's favourite holding. I was mistaking, But definitely, copper, lithium we are in the beginning of a big revolution. If you go and order an electric car, waiting lists are over 6 months now. The chips availability are a problem, but the imbalance between buyers and sellers of stuff like copper, it's a major shift, and that is (I think) the main reason copper has increased 22.5 % last year.
Take a look at https://tradingeconomics.com/commodity/lithium . Now 515% price surge in a year. But finding how to profit from that is pretty hard, especially if you're in a RRSP or TFSA, or the like. That is why I suggested a stock, (sorry I hate it when people pump another stock but it was AKE) which is one of my other favorite holdings,  that has no bullboard on stockhouse. 
Its one thing I do, I check the  holdings of people who comment on stocks I like, to get some ideas. I looked at ETMC also, but did not comment on it because I would be bashing a bit, as I decided to hold back. GLTA 
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