AZX ValuationsI've put together a valuation on Alexandria Minerals. The summary numbers are (mix of yesterday's close and today's news):
Projected fair market stock price for Alexandria Minerals Corporation, based on the current
NI 43-101 resource disclosures for the Orenada deposit only, is 0.35. The Sleepy deposit contained gold was fully discounted in the valuation to avoid allocating future capital expendures on Sleepy. Drill drill results and properties that still do not have a
NI 43-101 resource definition are not assigned a value.
The full valuation is available at
https://www.goldminerpulse.com/blogs/alexandria-minerals-valuation.php
I think it is very good news for AZX investors. Overall, I wonder if Agnico-Eagle is interested in the potential of some of AZX land holdings in the area as in the current AZX discoveries. I think Orenada could be a very profitable quick to start-up open pit operation but the size just isn't what Agnico-Eagle seems to look for. However, AZX has had some recent excellent drill results at Akasaba.
AZX is close to the Century Mine operations in the region and Century has had some really excellent recent drill results.
Should be an interesting 2010 for AZX holders.
TIA for any comments on my valuation numbers.
Cheers