Alexandria Minerals Corp ALXDF

RE:Don't forget IAMGOLD CORP.

[goldhunter11]

NewR,
It's true that IMG is getting prepared with a $1B slush fund, but may be this is for something else rather than some additional acquisition. Even though its got the Japanese as a partner (30%) for the Cote Lake deposit (which it bought for just over $600M a few years ago) the cost to develop this deposit in a giant open pit operation would run over $1 billion dollars. IMG's game plan is to retreat back to North America, and Cote is one of the key pieces (production in about 3 years). It's a low grade open pit. It could be low cost but it has to be in a large scale to be profitable, hence a high upfront capital cost (similar to Cdn Malartic).

My bet is that IMG is not one gunning for AZX (just too busy digesting Cote Lake). AEM (or ELD) would be a better bet, if you want to leave PRB out of this chess game.
Only my opinion, do your own DD.
GH
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Newrookie wrote: Everybody is talking about PRB. Nobody is talking about IMG. They still own 2% of AZX. They had very good numbers in their Q1 report. The stock is up 5% this morning. But the main point is : they have 1Billion $ to spend in the 25 next months !!! I think that's enough money for the poor shareholder I am ! I know it's an old news but take a look again. https://www.newswire.ca/news-releases/iamgold-files-final-base-shelf-prospectus-678688933.html