Alexandria Minerals Corp ALXDF

Today`s hole - I give it a Cdn $220 million revenue value

[production05]

It`s a single hole in a new area.  Thus, at this grade (2.84 g/t Au), we don`t know the length and the width, as yet.

We know that many of the veins go for 500m (+), east to west, but we don`t know how long this particular area goes at 2.84 g/t Au average.

Also, we know that many of the veins are 40 - 50m in width, but with a single hole here we don`t know about this particular area as yet.

For this particular area, let`s go with (assume for now) 200m vertical (true) depth (it will likely turn out to be much more once they get the drill angled back into the Cadillac Break), 50m length and 40m true width.

Just this small area (around today`s drill hole) is worth around 130,000 gold ounces - prior to applying a recovery rate and dilution rate to the extraction process.

At today`s Cdn gold price of $1,675 per ounce, we are looking at Cdn $220 million in revenues (just for this small drill hole area) - prior to applying recovery and dilution rates.