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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 M139on Sep 22, 2012 10:01am
187 Views
Post# 20399659

RE: What's Happening with the VIRGIN ??

RE: What's Happening with the VIRGIN ??

That is a very good question. The last project schedule update was back in 2011 at that time they said the final PEA would be ready by Q3 2012. Correct me if I'm wrong but are we not in Q4 now? There has been minimal News for 2012, which is fine if they are busy however not one of those releases indicated any timelines or updated scheduling, in fact no mention at all of what the future holds.

With this recent PP closed, it sure would be nice to get an update on the plans and schedules even if things have been delayed, we should have a right to know that.

Is it safe to assume with the warrant extensions that they are planning to at least update us before December? The warrants at .25 would be good to add to the bank account or they let them expire but I think they will need more financing by then so what price will that be done at... .15 or less?

Bottom line is they need to give us an update on the schedule. On the upside copper is going up and the initial startup costs are very attractive for this project as is the IRR.

As for selling, Canaccord was in the latest PP so who knows what they are up to and Anonymous well they have been just penny flipping, mostly buying and selling to themselves. Business as usual for them.

M

Bullboard Posts