Thanks for your article. I like your list of 4 copper stocks. Let me hopefully add value by mentioning AMERIGO RESOURCES [ARG.TO] which at the current price of @ C$00.90 is paying over a 13% dividend. Amerigo produces copper concentrates at its 100% owned MVC operation in Chile by processing fresh and historic tailing from Codelco's El Teniente mine. The company appears to have a flawless balance sheet, appears quite undervalued, and at current copper prices the dividend is sustainable. The company has a nearly endless supply of copper tailings to process, which the company estimates will take them 100 years to process. They are currently paying C$ 00.03 quarterly dividend. FYI.
Thanks Ronald. With costs per pounds of ~$2 and royalties averaging about 30%, Amerigo needs a copper price of ~US$3.50 per pound to be profitable and is currently suffering small losses. Balance sheet is clean with net cash of about $25 million and outlook for copper is strong. Dividend may be cut in the next couple of quarters unless Cu prices recover. I know one of the directors, Margo Naudie- we both belong to Osler Bluff Ski Club. She is a very savvy investor with an impressive investment pedigree in Canada. I expect the stock to sell off when they cut the dividend which I project happening within 6 months, at which time I will likely enter the name.
Southern Copper has the biggest probable reserves. Hudbay is my preference for Cdn miner.. Teck as a diversified miner. Held Ivanhoe for a long time. They have great copper ore deposits.
Hudson Bay has great assets including not only copper but also gold, silver and zinc. I like its assets. Ivanhoe has great assets but some political risk. Tech is a great play on zinc, oil, copper and coal. Southern Copper has great reserves but commands a premium price in the market dampening the returns somewhat. All are good plays on copper.
I hold 50,000 WRN and value the stock at over CAD$5.00. If they finance the mine once permitted by selling a royalty on the gold stream, they won't need any other external financing and can proceed without dilution.
Thanks for your article. I like your list of 4 copper stocks. Let me hopefully add value by mentioning AMERIGO RESOURCES [ARG.TO] which at the current price of @ C$00.90 is paying over a 13% dividend. Amerigo produces copper concentrates at its 100% owned MVC operation in Chile by processing fresh and historic tailing from Codelco's El Teniente mine. The company appears to have a flawless balance sheet, appears quite undervalued, and at current copper prices the dividend is sustainable. The company has a nearly endless supply of copper tailings to process, which the company estimates will take them 100 years to process. They are currently paying C$ 00.03 quarterly dividend. FYI.
Thanks Ronald. With costs per pounds of ~$2 and royalties averaging about 30%, Amerigo needs a copper price of ~US$3.50 per pound to be profitable and is currently suffering small losses. Balance sheet is clean with net cash of about $25 million and outlook for copper is strong. Dividend may be cut in the next couple of quarters unless Cu prices recover. I know one of the directors, Margo Naudie- we both belong to Osler Bluff Ski Club. She is a very savvy investor with an impressive investment pedigree in Canada. I expect the stock to sell off when they cut the dividend which I project happening within 6 months, at which time I will likely enter the name.
Added to my watch-lists and will follow the technicals! Cheers!
Southern Copper has the biggest probable reserves. Hudbay is my preference for Cdn miner.. Teck as a diversified miner. Held Ivanhoe for a long time. They have great copper ore deposits.
Hudson Bay has great assets including not only copper but also gold, silver and zinc. I like its assets. Ivanhoe has great assets but some political risk. Tech is a great play on zinc, oil, copper and coal. Southern Copper has great reserves but commands a premium price in the market dampening the returns somewhat. All are good plays on copper.
Very interesting article. I have a small bet in favor of WRN. Perhaps Rio Tinto will pick it up as they have invested 25 million in WRN.
I hold 50,000 WRN and value the stock at over CAD$5.00. If they finance the mine once permitted by selling a royalty on the gold stream, they won't need any other external financing and can proceed without dilution.