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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

Post by BSdetector2016on Oct 09, 2023 12:48pm
167 Views
Post# 35675955

Short-term noise or long-term vision

Short-term noise or long-term visionThe smart money knows that we are headed for a supply shortage as we get further into the decade. Current low prices are the result of signs of economic slowdown, and they also prevent new supply coming on-stream. Incentive pricing for that is in the range of $4.50/lb, and we are nowhere near that now. The more people believe the short-term narrative, the more dramatic the rebound will be. I'm just going to sit back, enjoy my juicy dividends, and buy when SP dips.
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