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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum 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... see more

TSX:ARG - Post Discussion

Amerigo Resources Ltd > Another Tailwind for earnings
View:
Post by savyinvestor333 on Feb 24, 2021 1:48pm

Another Tailwind for earnings

Not only is the price of copper skyrocketing @ currently $4.31 U.S.  tthe Chilean peso is dropping. It is currently trading at 701 to the U.S. dollar.  They mentioned using 715 exchange and $3.50 copper price for the EDITDA estimates.  Best of both worlds First quarter will be a blowout.

1 USD = 701.768 CLP

Feb 24, 2021, 18:41 UTC

Comment by Primetime1 on Feb 24, 2021 7:44pm
I think that means the value of the Chilean peso is going up...
Comment by savyinvestor333 on Feb 24, 2021 8:09pm
I think you are corrrect. My mistake. So in that case it would be 2% drag over there estimate but the copper price is roughly 20% over there estimate.
Amerigo Resources Ltd