Alexandria Minerals Corp ALXDF

RE:RE:RE:RE:Visualizing the Impact of Resource Size and Grade at Orenada

[NextPhase]

GH,

Sure, that makes sense. I wasn't suggesting that Alexandria should conduct a formal PEA. My thinking is the more AZX can prove the solid economics of Orenada, then the more likely a buying company will think more of these terms when valuing the ounces in the ground at Orenada.

Outside of that, I'm trying to find different ways to highlight mismatch between the equity valuation and the intrinsic value of the underlying assets. Sure, El Dorado didn't need financing, but the economics of a resource matter to current investors too, who are trying to properly value a company.

If people are looking at the actual numbers, then I'm confident they will find real value, especially when considering what is happening at Pretium lately. In many ways Orenada is the exact opposite of Brucejack, in terms of its value proposition and project risk. Pretium had to be super aggressive with their resource estimates to justify their valuation and the capital investment. It made the project a higher-risk then their investors considered, because they seemed to have only considered the upside.

In light of Pretium’s struggles, the situation reinforces the main benefits of investing in Orenada, which could be exactly what the market is looking for right now. A nice low-risk project in terms of cost and location with further potential and exploration upside. I don't think it should be particularly difficult for whoever is selling Alexandria to convince the buyer of the value proposition here.

NP