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Minera Alamos Inc V.MAI

Alternate Symbol(s):  MAIFF

Minera Alamos Inc. is a gold production and development company. The Company is engaged in the acquisition, exploration and development of mineral properties located in Mexico. It has a portfolio of Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora. The Santana Property consists of nine mining claims and covers about 4,500 hectares and is located over 200 kilometers east-southeast of Hermosillo, Sonora, Mexico. Additionally, it holds a 100% interest in two contiguous mining concessions that cover over 350 hectares, referred to as Santa Lucia and Hilda 35 Fraccion 1. The 6,500-ha Cerro de Oro gold project is located in northern Zacatecas State, Mexico, and is accessible by paved highway. Cerro de Oro project comprises the Zacatecas I and Zacatecas II concessions near Concepcion del Oro, Zacatecas, Mexico. The 6,200-ha La Fortuna project is in Durango State, Mexico. It also holds interests in a Los Verdes property and Suaqui Verde copper project.


TSXV:MAI - Post by User

Bullboard Posts
Comment by Christockon Nov 30, 2008 7:00pm
470 Views
Post# 15619370

RE: ONE RED CENT..

RE: ONE RED CENT..

I wish they had tried to go to production on a small scale.  They could have had 6-10 months of $30 moly, and been sitting with some cash and a bootstrapped little hill  ... then maybe done some drilling and other type work at Cuatro & had some time to ride out current market mess .... instead it's a hash backwards / stock is 2 cents & the money has all been spent on reports & drilling.    " better to have tried and failed etc." ..  than sitting around with a shelled out company / no money & expensive/mediocre reports ... 11M CAD is a lot of dough $$ to wipe out on grand plans etc.  ... the risk element for juniors is always continuity of funding.  That has impacted stronger than in general during this cycle ....  sometimes production is the wrong decision and it is taken, sometimes production is the right decsion and it is not taken .. both hurt.

Still  a   $.02 cent close though  grumpy          :-) 



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