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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 Feb 04, 2022 2:12pm
119 Views
Post# 34398787

RE:Reality Check will come

RE:Reality Check will comeLiteraly no one in the investment community believes the whole chilean government would be as stupid as to follow the Venezuela path. It is sad that they have so many dogmatic, disconnected, people writing their constitution draft. However, they will never get the 2/3 vote in the senate: therefore this will be rejected, then (the extremely relieved) Boric will justify his inaction by blaming the right leaning senators.
However, this sad episode will harm their economy somewhat, by delaying the much needed investments in the lithium industry (timing is essential here!): for sure miners will demand clarity before unrolling zillions. But for us at Amerigo... we are not miners...We do mining tailings reclamation. We have contracts with CODELCO. Even if it went through, it wouldn't affect us much.  GLTA
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