Amerigo Resources Ltd T.ARG

Moly prices...

[downwithdotcom1]

one of the few bright spots for the metals and ARG-Moly prices are actually UP strongly from lows around $20 in Jan-Mar and then did a steep rise to $30 in April-where its been ever since...see below...dwdc

Molybdenum

$30.431 lb

Aug 05, 2024

[downwithdotcom1]

very good news on the MOLY price front as it has continued to trade ROCK SOLID just north of $30 per pound which will result in a huge by-product credit to ARG's copper price cost of production...everyone is winning-ARG shareholders-FCF, regular divis, performance divis, approching debt free status (on the books,  we are already there with ARG's net cash position) etc, gov't of

[TimeTooSoar]

Where are u seeing moly prices? can u share a link please. 

[francoisl13]

Here's a link to a site where you can get various metal pricing; Daily Metal Price Site GLTA!

[goldens]

Thanks. Useful link. The only thing that is hold this back is the rhetoric about prices not sustaining the $4 mark yet we keep bouncing off the $4'ish lows. Most of the big boys are not meeting their production numbers so I don't see how we can not move higher. Just my opinion and what do I know.GLTA

[TELEMARKER]

moly $30 / lb. In Q2-2024, MVC produced 14.0 million pounds (“M lbs”) of copper, with 64% of production coming from fresh tailings. MVC’s plant availability was 94%. Production for the first half of 2024 (“H1-2024”) was 30.0 M lbs, representing 48% of Amerigo’s 2024 copper production guidance of 62.4 M lbs. Q2-2024 molybdenum production was 0.3 M lbs. H1-2024 molybdenum production of 0.6 M lbs

[downwithdotcom1]

and when you include this very strong recovery in copper pricing going into the 4th quarter, should ARG not be a position to pay-out another PERFORMANCE DIVIDEND??? thoughts??? dwdc

[lechmeir]

I do have "Performance Dividend" on my bingo card.

[TimeTooSoar]

I'm surprised if they haven't been buying back and cancelling stock?!?!

[goldens]

I would like to see more buybacks rather than another performance dividend. I also wonder why Codelco just hasn't taken them out, if only to make them seem more environmentally friendly as a company.