Daily Stock Opinions and Ratings

Opinions

Andrew CookAmerigo ResourcesARG.TOBUYAug 20, 2009

Reprocess tailings from a big copper producer in Chile. Likes of valuation. Pretty good growth profile. Wouldn't be surprised to see them reinstate the dividend they cut.

Andrew Cook

Owned

Unlock Rating

$0.53

Stock price when the opinion was issued

$6.87

As of Jul 09, 2026. Market Open.

metal mines

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PAST TOP PICK

(A Top Pick May 11/21, Up 10%) Believes copper demand will continue to rise (EV vehicles etc.) Opportunity to expand into other mine locations available. Will continue to hold stock and expects stock price to increase.

TOP PICK

No price target A copper producer that flies under the radar operating, operating in Chile. They get the tailings from the world's largest copper mine and then they produce copper from it. Thet spent $300 million to build this project. They're hugely leveraged to copper. They continue to process more. They guide 62 millions pounds for 2022. Anytime the copper price rises, their cash levels greatly rise. There's little research on this name, but he sees huge upside.

DON'T BUY

He wishes he had bought this a while ago at 25-cents, because the stock has flown. Now, it's done so well that he can't buy it now.

COMMENT

Great management team. One issue he has always had is that it is very low grade, at 0.3 grams per ton. Last year they had some issues with some transition ore they were going through. When they were mining this, their recoveries were not as high as they had hoped. He would really like to see them with some higher grade projects.

DON'T BUY

Great company, but doesn’t like gold right now. There are only 2 commodities that he is currently excited about right now, natural gas and uranium. Uranium has been plunging. The problem with gold is that it is trading sideways. When a commodity is trading sideways, it is not an easy place to make money.

DON'T BUY

Great management team and have done a super job of running the operations they have in Mexico. He is not a shareholder because of their low grade deposits. With a low grade, you have to be very conscious about costs and if there are any disruptions, these can be problematic.

WEAK BUY

Basically reprocesses tailing streams from the largest copper mine in Chile. Not his preferred choice as a copper play.

BUY

Molly price has been good and copper has been strong. Quite optimistic on the price of Molly. This stock had a few problems before the recession, which they have resolved. They are starting to benefit from the higher prices of the commodities. Chile is relatively safe.

DON'T BUY

Always seems to have things happening to it. In Chile, electricity shuts down and costs go through the roof. Doesn’t have the kind of leverage of other companies on molybdenum.

BUY ON WEAKNESS

Molybdenum and copper. When the market stops correcting in about 2 to 4 weeks you should be able to find a very attractive entry point. ($0.64)

COMMENT

(Market Call Minute.) Nervous about the price of copper but the company is priced at about 20% of replacement costs, which is a bargain so he can't bring himself to sell.

DON'T BUY

(Market Call Minute.) Copper play in Chile and costs in Chile are unknown and power is a nightmare. Too risky.

DON'T BUY

Copper processing in Chile. It started moving and he took some profits. Things started getting greyer, so he sold his holdings. They have a great project, 50-year mine life, paid out most of their earnings in dividends. The problem is that costs are out of control.

COMMENT

Has had on long-term uptrend since 2003. The chart shows it spikes up and then cools off. He would use a stoploss based on the low of August. The resistance level is the old high of $3.43. You also want to see volume.

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Andrew CookAmerigo ResourcesARG.TOBUYAug 20, 2009

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