Profitable Mexican gold developer using low-cost heap leach on low-grade ore to generate profit. They've done it before at Castle Gold. This is a smart management team (Doug Ramshaw and Darren Koningen) who focused on getting to first gold pour in 2021. We talk through their strategy to get Santana, and new asset, Cerro De Oro into production. Their 3rd asset La Fortuna has a slightly different profile and will be brought into production later. We like the low-cost approach (buying 2nd hand mill from the US; using heap leach; low G&A; realistic M&A). They have a Resource which they can talk to the market about. And for anyone who remembers Chester Miller and his approach to spending, this is right up your street.

Company page: https://www.mineraalamos.com/

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