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ARREF - Amerigo Resources Is A Gold Blend Of Dividends And ESG
November, 19 2021 12:55 PM
Amerigo Resources Ltd
The company produces copper by processing tailings at Codelco’s El Teniente mine in Chile. It reminds me a lot of DRDGOLD as it has a similar business model. Amerigo is reinstating its dividend payments and the forward yield stands at 6% as of the time of writing. Using a conservative valuation of 10x EV/EBITDA at $3.00 per pound of copper, Amerigo should be worth $1.83 per share. For further details see:
Amerigo Resources Is A Gold Blend Of Dividends And ESG
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