Alexandria Minerals Corp ALXDF

RE:RE:RE:RE:RE:RE:AZX New Fact Sheet (March 2018)

[goldhunter11]

It's quite normal to have a stack of handouts at the booth for PDAC folks to take away to have an idea what AZX is all about. Hence, the updated Fact Sheet. At least, it has all the essential info, plus whatever update they have available.
- Expect new, updated RE by end of Q1, 2018...Agree with NP that this is not inconsistent with the NR. May be they just want to hedge a bit, just in case they don't meet the target date as indicated in the NR. May be they want to surprise us all!
- Current RE:  Cadillac Break Total: 1.41MozAu before updating of Orenada. If we add another 0.6Moz for Orenada (i.e. double the current (2009) estimate. The total "new" RE would be ~2MozAu for Cadillac Break, which is quite respectable.

The Fact Sheet also mentioned the 1.0 Moz total for those non-core properties in Manitoba which could fetch ~$30 M assuming a conservative value of $30/oz in-situ. If they could attract Osisko Royalty to buy these out (Sandstom could be interested as well, see link below for its NSR arrangement with AZX).

https://www.newswire.ca/news-releases/sandstorm-gold-provides-development-and-exploration-updates-on-royalty-assets-636707513.html

Selling off non-core stuff for cash  is certainly much better than the $20M equity financing that would dilute AZX further by ~220M share, assuming $0.09/s, as proposed by EO.

Any news from PDAC?
GH
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