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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
Post by 10sailor10on Apr 28, 2020 10:19am
211 Views
Post# 30961503

mai 38 cents whats going on?

mai 38 cents whats going on?osisko gold royalties ltd did a 14 million combined equity and royalty financing package. the company minera alamos purchased a whack of  much needed fairly new mining equipment that was a small fraction of the new cost. improving reservers and another mine opening in the next year or so if the ground proves as good as they think. bank of america forcasting  $3000 gold, a recession coming and canadian dollar expected to be below 60 cents ,banks around the world  printing billions and trillions of paper money due to the  virus and central banks of many countrys loading up on gold bullion. looked at mangement and top notch at this type of mining  and expecting to be producing 150000 ounces by 2022 with several mines operating on the  same property. doesnot take much to see this stock is way under valued. 38 cents now $3.80 in 2022 easy. my thoughs only, bought 100000 shares yesterday and holding. 
Bullboard Posts