Undervalued opinionUndervalued Opinion:The inherent value of Alix Resources Corp. (TSX-V: AIX) increaseswith each announcement of further high grade gold discovery resultsby its neighbour, Underworld Resources (UW), as AIX.V possesses highly desirable claims adjoining the UnderworldWhite Gold Project in the Yukon. The 100% owned claims of Alix Resources are uniquelypositioned, less than 4 km from significant results by UW including 103meters of 3.4 g/t Au among others. Near term catalysts exist forAIX.V on two fronts: 1) an exploration team has begun mappingand geo chemical work on the Yukon gold claims adjoining Underworldand initial geochemical analysis results are due back by the end ofAugust 2009, and 2) AIX.V also has a 2009exploration/drill program on prime coal ground in Saskatchewan andManitoba Canada right beside Goldsource. AIX.V is ideally positionedin the coal trend with superior technical characteristics conduciveto finding a deltic-sequence for quality thermal coal similar insize or even larger than what Goldsource found on the same trend.Additionally they are in a position to begin defining a coalresource near Wapawekka Lake Sask. where AIX.V has established a'coal field' having intercepted 52 feet (16m) and 24 feet (7.5m) coal seams. Alixresources also has two other noteworthy gold projects including onewith a non compliant NI43-101 resource of 180K oz.
Therisk-reward characteristics are highly advantageous for investorsestablishing a long position in AIX.V as the current market cap ofAIX.V relative to the inherent value of their gold and coal projectsseem disproportionate, aforementioned near term catalysts areimminent, and a continued stream of favourable news from Underworldwill drive the AIX.V claims up in value. AIX.V appears undervalued with only ~47M sharesoutstanding and trading under CDN$0.15.