GREY:ALXDF - Post by User
Post by
LRGreturns4meon Dec 18, 2017 8:21pm
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Post# 27183293
Rollback or Not
Rollback or NotAZX still needs about $24 million for 2018, probably in two different PP's. Any way you slice that up, you can expect 30% - 40% dilution. For the $24 million you get another 40km - 60km in drilling, metallurgy work, maybe a bulk sample and probably even a PEA in early '19. That said, isn't the real question what is the anticipated MV in 15 months? How much will the RE grow over the upcoming estimate with the additional drilling this year? What is the $ value per in-situ ounce given by the market after the RE and PEA?
My thoughts are between 1.8 and 2.2 million ounces after the next drill campaign. Now, I'm not claiming to be the brightest on the board, but I expect an exponential year ahead. If there were a 1:10 rollback, there would then be +/- 68 million shares after two PP's strategically scheduled. Look around, what have recent takeouts been priced at? The non-core properties are a safety net for management, they would not be wanted by a suitor, so getting them and some cash as a spinco is likely down the road.
Now, what if they make another discovery over by the airport?
Sit tight and prosper. Don't live it day by day it will drive you nuts. GL
LRG