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Alexandria Minerals Corp ALXDF

Alexandria Minerals Corp is a Canadian based gold exploration and development company. Its project consists of Orenada, Akasaba, Sleepy, Manitoba and Ontario properties together with the Other Quebec properties. It is mainly focused on exploring the cadillac break property which is located in Val-d'Or, Quebec. The cadillac break property consists of approximately 21 contiguous projects of over 460 claims, located in Bourlamaque, Louvincourt and Vaquelin Townships. The manitoba properties include


GREY:ALXDF - Post by User

Bullboard Posts
Post by production05on May 10, 2017 8:41am
294 Views
Post# 26224732

Today`s hole - I give it a Cdn $220 million revenue value

Today`s hole - I give it a Cdn $220 million revenue valueIt`s a single hole in a new area.  Thus, at this grade (2.84 g/t Au), we don`t know the length and the width, as yet.

We know that many of the veins go for 500m (+), east to west, but we don`t know how long this particular area goes at 2.84 g/t Au average.

Also, we know that many of the veins are 40 - 50m in width, but with a single hole here we don`t know about this particular area as yet.

For this particular area, let`s go with (assume for now) 200m vertical (true) depth (it will likely turn out to be much more once they get the drill angled back into the Cadillac Break), 50m length and 40m true width.

Just this small area (around today`s drill hole) is worth around 130,000 gold ounces - prior to applying a recovery rate and dilution rate to the extraction process.

At today`s Cdn gold price of $1,675 per ounce, we are looking at Cdn $220 million in revenues (just for this small drill hole area) - prior to applying recovery and dilution rates.


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