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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

Post by Bully88on Feb 22, 2021 7:20am
336 Views
Post# 32624177

Time to get in.

Time to get in.The value of this company is exponentially higher then what it is currently trading at.

They are a month away from changing from Gold exploration, into Producers.

The current cost for them to produce 1 ounce of gold is around $700 

at the prices of gold now, they are extremely profitable the second they turn on those machines.

With the uncertainty of the US Dollar and Inflation, that should also increase the demand for Gold.

I wouldnt be surprised to see this over $1 by the end of Q2.

With the right momentum ( look at Bitcoins for example), Gold could go on a great run once the next round of stimulus comes out.

Mineros could get be at the right place at the right time and come out of the gates sprinting 

Would love to get a conversation going with any longs here on their take on their financials or fundamentals going forward?

Cheers,

Bully

 
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