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Re: trunkmonk post# 1663

Monday, 02/26/2018 11:05:32 AM

Monday, February 26, 2018 11:05:32 AM

Post# of 3018

This stock is great. I sold BAA to buy this stock back then, and should have sold all BAA and put all the money here.




Agreed, it is the best value among the gold stocks IMO. I also sold Banro to buy GCM:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=128606144
But made the mistake of trading in and out a couple of times, before jumping back in after the recent announcement to get rid of the convertible debentures. I plan to hold this time for as long as it takes to get fully revalued in line with peers.

My second choice pick (for those who don't want to put all their money into one stock) is Minera Alamos (VGMTF). They are in the process of merging with Chester Miller's Corex Gold to create a combined company with $35 million market cap:
https://web.tmxmoney.com/article.php?newsid=7343842541288062&qm_symbol=MAI

https://ceo.ca/@tommy/mining-legend-chester-millars-formula-for-success
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Chester Millar is the founder of several multi-billion-dollar gold producers including Glamis Gold (bought by Goldcorp), Alamos Gold and Eldorado Gold. He was inducted into the Canadian Mining Hall of Fame in 2008. The 88 year old mine developer credits luck, experience and a simple strategy for his success. Millar let me in on his strategy during a recent interview: “You should be in the gold mining business [not exploration], you should be earning a profit, and you gotta show growth.”
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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.
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