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Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Bullboard Posts
Post by production05on May 19, 2016 6:40pm
341 Views
Post# 24890468

Quinto Real Capital - bit of info

Quinto Real Capital - bit of info* Quinto owns a 5% interest in Iamgold`s nearby Monster Property.

* Tomagold (company that previously optioned Fancamp and Embry from Murgor in 2013) owns 19% of Quinto.  Many of the shares (if not all) were purchased earlier this year.  This probably suggests that Tomagold likes the potential of these properties, as they have seen very detailed info on the properties (and the area in general).

* Quinto only has 11.5 million shares issued and outstanding.  Alexandria gets 1 million Quinto shares upon signing.  This represents 8% ownership.  Of course, this will get substantially diluted once Quinto raises cash for exploration work.  Quinto`s share price closed at $.10.  Thus, the 1 million shares issued to Alexandria is valued at $100K today.  Alexandria can get another 500K shares, but not until 2018.

From Alexandria`s NR:  ``We know Quinto Real will move these projects forward in a timely and successful fashion.``

Let`s hope that this statement turns out to be true.  An aggressive and successful approach by Quinto could bring us value through the 25% ownership, the 2% NSR, the Quinto shares issued to Alexandria and a bump in Alexandria`s own share price.

It`s too bad a similar type deal wasn`t available for the Matachewan properties.

Let`s hope Alexandria gets very strong J/V deals if it decides to J/V any of the Red Lake and Manitoba properties.  I would like to see them keep the ownership at 100% of these properties, if they cannot get excellent J/V deals.  These are the core properties in the Murgor acquisition.  I would rather Alexandria sit on these properties if any J/V offers are less than excellent for Alexandria shareholders.  

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