TSXV:MAI - Post Discussion
Post by
Bully88 on Apr 08, 2022 7:05am
my take on MAI news.
Operational highlights through the end of Q1 2022 include:
- Total gold inventory moved to the leach pad (to date) - over 14,000 oz;
- Total mine production - 600,000 tonnes of mineralized material (1.4 ratio of waste to mineral)
- January gold production 890 oz (restart of mine operations); February gold production 1,130 oz; March gold production 1,370 oz;
If we continue to grow at this rate of around 240 ounces a month, by the end of the year we should be looking at something like chart below. | # | Month | Total OZ | Price per OZ | Value in USD | Value in CAD | Total Quarter Revenue |
| 1 | jan | 890 | $ 1,900.00 | $ 1,691,000.00 | $ 2,130,660.00 | $ 8,115,660.00 |
| 2 | feb | 1130 | $ 1,900.00 | $ 2,147,000.00 | $ 2,705,220.00 |
| 3 | mar | 1370 | $ 1,900.00 | $ 2,603,000.00 | $ 3,279,780.00 |
| 4 | apr | 1610 | $ 1,900.00 | $ 3,059,000.00 | $ 3,854,340.00 | $ 13,286,700.00 |
| 5 | may | 1850 | $ 1,900.00 | $ 3,515,000.00 | $ 4,428,900.00 |
| 6 | jun | 2090 | $ 1,900.00 | $ 3,971,000.00 | $ 5,003,460.00 |
| 7 | jul | 2330 | $ 1,900.00 | $ 4,427,000.00 | $ 5,578,020.00 | $ 18,457,740.00 |
| 8 | aug | 2570 | $ 1,900.00 | $ 4,883,000.00 | $ 6,152,580.00 |
| 9 | sep | 2810 | $ 1,900.00 | $ 5,339,000.00 | $ 6,727,140.00 |
| 10 | oct | 3050 | $ 1,900.00 | $ 5,795,000.00 | $ 7,301,700.00 | $ 23,628,780.00 |
| 11 | nov | 3290 | $ 1,900.00 | $ 6,251,000.00 | $ 7,876,260.00 |
| 12 | dec | 3530 | $ 1,900.00 | $ 6,707,000.00 | $ 8,450,820.00 |
| | | | | | | Total Yearly Revenue |
| | | | | | | $ 63,488,880.00 |
With Darren and Doug and his very experienced team working on the goal of 50,000oz production to ultimately 100-150 thousand ounces a year. with 3 operational mines. also with aspirations to expand beyond that.
within 3-4 years, there is almost no way this doesnt become reality.
There are obviously risks involved, for example the price of gold, or breakdowns, etc... to put things into perspective, if santana is projected to reach 50,000 ounces a year, thats 4,166 ounces a month. Minera is at 1370 ounces a month. Thats already 32.88% of the way there. They have reached this level in like a year and a half through the thick of COVID.
Thats un-real accomplishment in there of itself.
Taken from the news release, there plans for q2 Q2-2022 Development Plans
With the formal explosives storage permit now in hand, the primary focus of new development activities at the Santana project involves preparations for the start of mining operations at the Nicho Main Zone currently scheduled for later in Q2-2022. Surface clearing is underway to be followed by new road access to an area with limited waste stripping requirements which has been defined for the start the Main Zone pit mining operations.
Other significant development projects scheduled for Q2-2022 include:
- Completion of the Company's on-site laboratory facilities which will provide for reductions in third party assays costs as well as faster turnaround for assays critical to the short-term planning.
- The completion of a maiden resource report for the first phase of Santana mining activities at the Nicho deposit area is still anticipated this quarter as the ramp-up continues to expand operations toward more of a steady state base level.
- Planning of the Phase 4 drilling program that will be dedicated to the regional exploration of the other gold bearing breccia pipes already identified in the areas surrounding the Nicho deposits.
As you can see, they should continue their growth as planned.
Lets say, they folow my chart, and by end of june they are at 2090oz per month. @1900 gold | 2090 | $ 1,900.00 | $ 3,971,000.00 | $ 5,003,460.00 |
Roughly 15 million a quarter.
zero debt.
experienced team Darren mentions a huge milestone in this news release. "We are delighted to report a solid first quarter for 2022 and the achievement of a major milestone in the evolution of Minera Alamos as the ramp-up has advanced to the point where gold production for the quarter is sufficient for the Company to be cash-flow neutral at the corporate level." stated Darren Koningen, CEO. "Costs are in line with our internal modeling and with the plans to open up the main Nicho pit this quarter, we should see a shift in mining rates that in due course will allow a growing operation to drive positive cash-flows in the second half of the year." Im sorry but, 60cents for this stock is an absolute joke at this point. Multiple analysts puting there targets at $1.20 range. IMO, this stock should be in everybodys portfolio., as the risk to reward ratio in this company, is extremely favorable to the upside.
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