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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 has a portfolio of Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora that is going through the start-up of operations at the new Nicho Main deposit. The Santana Property consists of certain mining claims located approximately east-southeast of Hermosillo, Sonora, Mexico. Additionally, the Company holds a 100% interest in certain contiguous mining concessions referred to as Santa Lucia and Hilda 35 Fraccion 1, located in Sonora State, Mexico. Its 100%-owned Cerro de Oro oxide gold project that comprises Zacatecas I and Zacatecas II concessions is located in northern Zacatecas and covers about 6,500-hectare (ha). The Company holds a 100% interest in the La Fortuna open pit gold project in Durango, which covers about 6,200 ha. The Company also holds a 100% interest in a mining property known as Los Verdes, a molybdenum-copper property located in the State of Sonora, Mexico.


TSXV:MAI - Post by User

Bullboard Posts
Comment by Christockon Nov 30, 2008 7:00pm
471 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          :-) 



Bullboard Posts