Alexandria Minerals Corp ALXDF

RE:Quick to bash , slow to post good NEWS ! Large !

[goldhunter11]

generally good results which would add more ounces to the upgraded RE. It's fine to provide additional details in the Addendum to the NR, but the NR would be more coherent if  Eric Owens just went on a bit more to give investors a heads-up on when the results for the 40 drill holes for the 2017 drill program. Presumably, they will be included in the updated RE which is expected in Q1 of 2018. Complete the discussion to include this important date on the main NR, rather than put it on  page 6 of the Addendum.

The next step (in the main NR): This section could be expanded to include a bit more details. The 2018 drill program looks more extensive compared to the 2017 program. A few comments (food for thoughts):
- a phased program? It looks like the first bit would be a continuation of the shallow drill program
- next phase (presumable, more to the west) and drilling will be deeper (just like what ICG did north of their border...drill at Triangle was deep and it would cost a lot more than shallow drilling ). More details would be informative.
- this drill program would be expensive, say at $100-200/m. So expect something over $10M
- financing: equity financing is always possible but it would lead to dilution. Management should give shareholders some clue if they are actively considering selling the non-core stuff to finance further exploration in 2018.
GH