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Bullboard - Stock Discussion Forum 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... see more

TSX:ARG - Post Discussion

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Post by odzie1 on May 04, 2021 6:44am

Cash cow

Guidance for 61 million lbs. of copper this year at 1.89 cash cost. 180 million in profit. If copper goes above 5 bucks substantially more. Never mind molybdenum. Amazing to see the market pay 2000 times revenues for tesla and others but only 1 for amerigo. Copper shortages are coming.
Comment by Roman79 on May 04, 2021 9:17am
Earnings this Wednesday should be great, I did a quick calculation and I'm coming up with around $0.10 cents per share 
Comment by sclarda on May 04, 2021 10:54am
odzie1 wrote Guidance for 61 million lbs. of copper this year at 1.89 cash cost. 180 million in profit. If copper goes above 5 bucks substantially more. Never mind molybdenum. Amazing to see the market pay 2000 times revenues for tesla and others but only 1 for amerigo. Copper shortages are coming. -------------------------------------------------------------------------------------------------- ...more  
Comment by Lucentio on May 04, 2021 5:55pm
Page  FP3 of the Financial Post has a story on  Chile, Scotia Bank..  This I believe involves Amerigo.  If so call will be from Chile tomorrow.  and  we will get our first restated dividend in June.
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