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Re: checkmate28 post# 34057

Sunday, 02/11/2018 4:42:26 PM

Sunday, February 11, 2018 4:42:26 PM

Post# of 35739

I know nothing of Minera Alamos but I do know Darren well as former VP Project Development Gowest Gold, spoke with him many times and Chester Miller legendary status. I owned some Corex for awhile. Didn't like their no news, wait and see style. We are reuniting the Castle Gold development team led by Chester Millar and Darren Koningen which successfully drove the development of the El Castillo gold mine subsequently acquired by Argonaut Gold for C$130 million



checkmate, prior to the merger with Corex, Minera Alamos was stating that they had a path to 150,000 oz/year production and I think the merger will give them a path to 200-250,000 oz/yr production. Also they have a strategic relationship with Osisko Royalties where the plan is to become a leading Mexican gold producer. Osisko will provide some financing in exchange for royalties and more importantly, bring them potential acquisition deals. Osisko is the 3rd largest PM royalty company and a lot of prospects come their way:

http://www.mineraalamos.com/index.cfm?controller=home&action=company-profile&about=profile
Minera Alamos is an advanced stage exploration and development company. Its growing portfolio of high-grade Mexican projects includes the La Fortuna open pit gold project in Durango and the Guadalupe de Los Reyes open pit gold-silver project in Sinaloa. Our strategy is to develop low capex assets while expanding the near mine resource and remaining opportunistic for additional assets.

Proven Mine Building team
The team has successfully built 4 mines in the last 12 years including Argonaut Gold's platform asset for less than $5 million before it was sold for $130 million.
A Strong Financial partner
Osisko Royalties provides a cornerstone strategic partner for acquisition opportunities. Osisko Royalties retains the right to a 19.9% equity position.

Aggressive Growth Ambitions

We're currently focused on opportunistically acquiring and developing high quality mining projects that are:
• 12-24 months away from production;
• Capable of high operating margins; and
• Modest in size/capex
Path to 150,000 Gold Ounces/Year Producer
The Company intends to commence production at one or more projects in 2019.


http://www.mineraalamos.com/files/D70DDD90-9549-492A-AC6976C521DBB872.pdf
Sean Roosen, Chairman and CEO of Osisko, commented: “we are pleased to partner with Minera Alamos as a platform for growth in Mexico and add an option to acquire another near-term production royalty to our portfolio. We look forward to working with Darren and his team to advance La Fortuna as well as other future opportunities in Mexico and elsewhere in Central and South America as they become available.” (Note: La Fortuna was the 2nd project in Castle Gold, which Minera Alamos bought back from Argonaut)


Chairman and CEO Sean Roosen talks about the success of Osisko’s royalty model in the current mining cycle. He also shares some of his perspectives on the exploration business models that are driving success and growth in the new mining life cycle. Finally, he provides a few tips on how investors can see big gains through this unique business model.”?

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