InvestorsHub Logo
Followers 9
Posts 385
Boards Moderated 0
Alias Born 07/23/2002

Re: checkmate28 post# 34057

Sunday, 03/04/2018 3:31:52 PM

Sunday, March 04, 2018 3:31:52 PM

Post# of 35739
checkmate, curious if you had a chance to talk with minera alamos at PDAC ? If yes, I would appreciate it if you could share your thoughts on it.


Going to spend some time on this one. Corex has a nice developed heap leach project in the makings and that straight shooting mgt team can flat out get it done! Probably going to have to wait for PDAC for the deep DD




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
>>
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.”
<<

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.
<<

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.