GREY:ALXDF - Post by User
Comment by
goldhunter11on Jan 26, 2018 10:41am
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Post# 27440352
RE:RE:RE:I'm predicting,
RE:RE:RE:I'm predicting,LRG,
A few comments and questions:
- ELD/Triangle is just next door, so it's a logical candidate that may be interested to expand its holding into the AZX land. But...
- It must displace AEM's grip (at 8% and the 14 claims that contains a small-size deposit east of Orenada) and Eric Sprott (7%). Unless ELD has been buying in the open market and kept a low profile (under 9.9%) I have not seen any indication (or heard any rumours) that ELD has a foot in the AZX door. Have you got some info on ELD holding?
- You mentioned the new high grade intercepts they (ELD?) reference...Are they for the the deep drilling at Integra 2 old mines north of Triangle? Can you supply a link for this (presumably there was a publication from ELD?)
GH
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LRGreturns4me wrote: ELD is lurking out there under 9.9% and is the logical play. They may go ahead and jump on the RE update due to low price and crews already working at Lamaque. They are building out the Lamaque mine with $120M CAPEX and have $480M in cash. New leadership is focused on stability. The MC is not much higher than cash and Lamaque. Shuttering the baggage now would position them with a war chest.
The ore is compatible for their mill. The mill capacity can be expanded and with open pit ore from Orenada can combine to make 250,000 oz annual production for a long time. The new high grade intercepts they referenced are the "deep" target below the intersection of the 2 mines. I wasn't a fan with the Integra deal, but now they appear to be undervalued.
Next week should be very interesting.
LRG