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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

Amerigo Resources Ltd > How much copper is there actually…
View:
Post by goldens on Sep 21, 2023 8:12pm

How much copper is there actually…

Not sure if anybody knows because these guys thought they had $200 million more in their stockpile.

https://fortune.com/2023/09/20/europe-largest-copper-producer-aurubis-victim-metal-heist-worth-198-million-insiders-involved/
Comment by goldens on Sep 22, 2023 7:57am
So that is about 25,000 tons ($3.80/lb) that they will have to replenish. Hard to believe our Market Cap is only $212 Million. I guess the silver lining around this is that they probably have enough water now for a while.
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