ARREF - Amerigo Resources: A Copper Producer With Significant Upside Potential After The Dip

• Amerigo Resources ("Amerigo") is a Canadian copper producer operating in Chile. The company processes tailings from Codelco's El Teniente mine.
• The rise in copper prices since 2020 has transformed the fortunes of the company, which generates significant FCF and is now in a positive net cash position.
• Further share price appreciation will depend on several parameters including, of course, copper prices and also the tax regime in Chile and potential organic growth projects.
• The recent dip, as the copper price consolidates, makes the risk-reward profile appealing.

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