GREY:ALXDF - Post by User
Comment by
goldhunter11on Apr 25, 2017 1:01pm
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Post# 26163305
RE:RE:More News
RE:RE:More NewsMary Vorvis has a dual role, A VP responsible for Corp Development plus IR. I have not seen anything fantastic on the IR front, e.g. NRs, presentations that could stir up imagination, etc... Perhaps, she could use her talents of "Over 15 years in natural resources and technology industries venture capital; strategic relationships with financial institutions, fund managers, brokerages.", according the blurb on the website, to divest the 2 properties in Manitoba (WIM and Hudvam) to bring in more cash to AZX treasury.
With more concentrated effort to propomote the sale of these non-core properties (Mary may need help from other big guns, e.g. Gundy) AZX may be able to get a fair price for WIM and Hudvam. After all, the 2 properties have a combined resource of ~1 MozAuEq. Even at $50/oz, in-situ, they could bring in $50M, which is some serious money for driling their flagship properties along the Cadillac Break.
With that kind of money available (even $25M would do) they can make swiss cheese out of Orenada and Akasaba with 10 drills turning (and go deep, like what ICG is doing just north of the border) to double or even triple the current RE.
As they say, go big or go home!
GH