Value Microcaps Junior Miners

[Lone Clone]

You picked a scary time to buy a copper miner, Bob, with the price of copper now being supported by speculation rather than fundamentals, at least in the short to intermediate term.

For those willing to add copper exposure at this time, may I also suggest Amerigo aka ARG.TO. They have a very reliable business processing two tailing streams for copper and molybdenum. If you are wondering why the price got so low late last year, they did run into some unpredictably with some very bad storms in southern Chile where their operations are based, but that is now behind them and they have returned to normal production levels.

In spite of that hiccup, ARG has been generating plenty of cash flow, enough to buy back millions of shares and pay a quarterly dividend, currently yielding over 7%. And if the price of copper stays this high for much longer, which is dubious, there is the prospect of a special dividend

LC