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Gold/Mining/Energy
Amarillo Gold
An SI Board Since December 2003
Posts SubjectMarks Bans
85 17 0
Emcee:  charred Type:  Unmoderated
Introduction Compact
The Company has property with 726,000 ounces at 1.77 g/ton. They have to pay $450K to Metallica. Fully diluted with options and warrants, there is about 15 million shares. With these warrants, the payment to Metallica is done. Therefore if we use the current market price of 35 cents the company is worth 5.25 million CDN or 4 million US. Or trading at $5US per ounce in the ground. Much upside here if companies are trading at $40 per ounce in the ground.

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85There's a wall at 0.90 but someone is working on it with a sledgehammer.TheSlowLane-10/16/2009
84Amarillo Starts Drilling on the Butia Gold Discovery, Lavras do Sul Project, SouTheSlowLane-10/15/2009
83OTOH Message 25042871jrhana-10/8/2008
82Message 25041810 Maybe not defined yet, but an unbelievable series of drill resjrhana-10/8/2008
81fw - I will reply via PM. I know you can't reply...don't worry about itTheSlowLane-10/8/2008
80Hi TSL, If you don't mind, can you drop a few names of companies that have ferris wheel-10/8/2008
79fw - You might want to contact the company to find out how much cash they have oTheSlowLane-10/7/2008
78Any thoughts where this is going? Down with the rest of them? 50 Cents is cheaferris wheel-10/7/2008
77thanks slowlanerexstatic-10/31/2007
76Well hopefully Claude or someone with an informed opinion will chime in here...bTheSlowLane-10/31/2007
75any ideas on ounces in lavras do sul? thanksrexstatic-10/31/2007
74sorry, new to mining valuation. could you just go through the calcs to get to rexstatic-10/31/2007
73Well, I think there is close to a million ounces (M&I&I) at Mara Rosa. TheSlowLane-10/31/2007
72hi, anyone done a very back of envelope valuation on this stock? thanksrexstatic-10/31/2007
71Agreed...I picked up a few more today myself.TheSlowLane-10/18/2007
70thanks,answered quite fast,anxious to see those holes released,as a developer,miriversides-10/18/2007
69All I was able to find out is that they have two rigs working on Lavras do Sul. TheSlowLane-10/18/2007
68someone knows when the next drill results should be out ??riversides-10/18/2007
67157 meters of 1.05 grams of gold per ton-! Now that is the kind of numbers that Postman-3/12/2007
66Amarillo is heading for a tremendous year with 1mm oz/gold for Mara Rosa and morDONAN-3/9/2007
65I hear ya, this one has required more patience than most. Can't spend too mTheSlowLane-11/14/2006
64Unfortunately I am not. In retrospect perhaps not the best timing (duh) but I wemrs1-11/13/2006
63I hope you're kidding.TheSlowLane-11/12/2006
62Simple - after more than two years, I sold on Thursday.emrs1-11/12/2006
61They've got a few things cooking, seems like dinner may be served soon. TecTheSlowLane-11/10/2006
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