Big news coming soon.Pretty Quiet board here.
Mining at the Santana Location set to begin operations.
As stated multiple times, with the pipes they have at Santana, MAI is going to by end of 2021
be a 50 ounce per year mine.
they will be ramping up to hit their goal of 100 Ounces per year by 2022 and beyond.
With 20 Million in cash sitting ready to go.
Some quick math to kind of work around in further discussions.
50,000 ounces x $1800 per ounce as i write this.
= $90,000,000 per year revenues
Or
100,000 ounces x $1800 per ounce
= $180,000,000 per year revenues
Now, also as stated it costs them roughly $700 per ounce cost to produce. Which would give them a roughly 61% profit margin.
Minera also has 2 more locations, La Fortuna and Cerro de Oro.
Both of which will produce the same numbers.
This company is extremely undervalued at a market cap of $285.5 Mil and 441.5 Mil shares outstanding.
Remember, this company has 0 debt and will be producing high margins of positive Cash flow.
Expect this Share price to continue to grow for years to come.