Minera Alamos Inc V.MAI

Alternate Symbol(s): MAIFF

Metals & Mining Industrial Metals & Minerals

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.

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Minera Alamos Inc > MAI?? Is this thing on? Lame duck!

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Comment by schocoron May 03, 2023 6:41pm

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Post# 35428764

RE:MAI?? Is this thing on? Lame duck!

I dont own but I do follow.

this is a weird gold stock; they are wildcatters. They are mining without driling; which will make any junionr mining investor nervous. True, its costs them very little to mine and they have produced a reasonable amotnu of gold thus far....but how sustainable that mine (the first one) is remains a question to me.

Hard to say if this is fairly valued or not. JUst alot of unknowns.

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