GREY:ALXDF - Post by User
Post by
Magrath101on Apr 03, 2018 3:36pm
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Post# 27823427
AZX VALUE
AZX VALUEMy thoughts on value of AZX. There is as of now app 1.4 million ozs in the Quebec assets. If the new RE comes out with an additional 400,000 ozs and that is minimum there could be many more ozs than that. That would raise the ozs to 1.8 million. At present value of $30. oz
that means the Quebec assets would be worth only $54 million. I think that the minimum should be $65. oz. that gives the Quebec assets a value of $117 million and that still seems quite under valued. That would mean a share price of .20 cents and as I said seems way to low for these assets. The Ontario and Manitoba assets might be spun out into a ''NEWCO.''
We wait and see.