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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 downwithdotcom1on Feb 04, 2022 7:18pm
140 Views
Post# 34399979

RE:RE:Reality Check will come

RE:RE:Reality Check will come"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."

just some more PRETTY SURE, maybe etc talk...i honestly don't know what the future will be BUT: anywhere you read this its a PROFIT TAX..nothing to with the variable royalty deal with CODELCO .. we are not miners...maybe.. shining light on the green side of mining, maybe .I luv this rhetoric-just cause ARG says this?? .. what AMERIGO is , is a foreign owned highly profitable copper producer..My concern, even if true, is that if perhaps the taxes get watered down just maybe the net gets cast wider??? Exactly how much sympathy would ARG get if their taxes went up?? We gonna close down?? The monies have been spent-just makes the returns slimer-i will be keeping a close eye and will sell my other 50% without hesitation (luv the divi thou) I just don't want to get caught up in something that ARG won't have control over...do your own DD...dwdc
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