Alexandria Minerals Corp ALXDF

RE:RE:RE:RE:RE:Reserve Estimate

[goldhunter11]

goldopp,

Agreed that "wiggle room" was embedded in the NR with some loose words. Generally, it would be better practice to fix a reasonable date, and stick with it, unless extraordinary event beyond the company's control happens, the give the reason for the change.. But, kicking the can down the road many times would not be a good way for credibility building.

By all means, let the BoD know what we know. This may help getting us a fair price.
GH
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goldopportunity wrote: Hey GH  -- when you look at the march 15th nr, it appears alexandria has left themselves a bit of wiggle room concerning the release of the RE.

"This updated estimate is progressing well and is expected to be completed before the end of the first week of April 2018."

Note the highlighted areas.  "Completed" does not necessarily mean "released"  and "first week" could mean "first FULL week of april, even then it doesn't mean the RE would be released then.  But regardless, imo it's clearly the company's intent to get the RE out asap.

I have no doubt the BoD will be diligent and get us a "fair price per oz in-situ" to quote you.  Arguably, the extra time it's taken to get out the RE has given us an opportunity to recalculate alexandria's potential worth as we now know recent holes (and others) will also be included.  So when the RE is released we should have a pretty good idea of what alexandria's market cap should be.  And the market will know that we know.  :)

Btw, I always liked your valuation reference to probe when they released their RE last month.  It also provided a very good and simple benchmark for us to use in alexandria's valuation when our updated RE is known.  I'll find it and repost it later.  Good talking with you.   Jmvho.

P.s. I'll have my nightly report out later this evening.


goldopp