Bullboard - Stock Discussion Forum Amerigo Resources Ltd T.ARG

Alternate Symbol(s): ARREF

Metals & Mining Copper

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

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TSX:ARG - Post Discussion

Amerigo Resources Ltd > dwindling copper supply

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Post by Specific on Dec 02, 2023 10:54am

dwindling copper supply

https://www.reuters.com/markets/commodities/dwindling-copper-supply-panama-peru-could-wipe-out-global-surplus-2024-2023-11-28/

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Comment by goldens on Dec 02, 2023 12:05pm

What it doesn't mention is any impact to future investment required to provide the copper required. Who is going to invest money in these countries with the possibility of the mine simply being taken away after you pour in billions to get a mine up and running. Comex copper futures already hit over $3.91. Just my opinion but I think there is a bright future for copper and this little company ...more

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Comment by 123600 on Dec 03, 2023 11:51am

what is v ery interesting from the last Goehring&Rozencwajg letter is they talk about some significant tech coming out that significantly reduces the cost of crushing, milling and seperating base metals. today many producers have to reject waste rock with some reasonable levels of CU contained. The new tech will allow much more significant recovery of the CU contained. What happens to us ...more

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Amerigo Resources Ltd