Alexandria Minerals Corp ALXDF

RE:RE:RE:RE:Buying AZX

[goldhunter11]

answers in reverse order.
- PRB is salivating: AZX has a very nice package (some 2.5Moz Au Eq in total) which can be developped to deliver better values for investors. It's dirt cheap for this kind of resource. PRB already has a JV with AZX for the Eastern end of Val d'Or property. Why not have it all without any JV strings attached. Note: PRB already has 11% of QMX.
- Can PRB do it? Try 18 AZX/1 PRB share conversion. Taking PRB shares is much better than cash (besides, PRB would not use its cash for this sizeable acquisition anyway. PRB would follow the same formula, just like the one used in the merger with AGE). This is equivalent to roughly a 30% premium for AZX shareholders. PRB will come out with more cash (~$7M) from AZX treasury (it can use this cash to fund the "JV" in the east end. And, if the base metal market is improving it can get quite a few more $M (say over $10M) by selling the two major properties in Manitoba. If the merger is proposed as a win-win situation for AZX management, it may even get a nod from the current AZX BoD. Note: PRB is in good term with AEM (and G).

All speculation of course. But, the crystal ball says  it's doable... just wait for the New Year to bring in the excitement.
GH