Alexandria Minerals Corp ALXDF

Capital cost?

[cruisemissle2012]

Can someone clue me in on what these guys spend to drill a 250m core sample on this site? they stated that they want to drill 60000m....divided by 250m per hole....that should give us a minimum ballpark figure for what capital needs to be raised for next year....thanks

[BenElderly88888]

they have nearly $8 million or more in hand and can get more!

[Marine2]

BenElderly   You State,   “”they have nearly $8 million or more in hand and can get more!””   Even if next years exploration budget is only $10 million  that would be 166,666 million new shares @ .06 not include warrants, giving us close to 650 million shares out !   Spending $15 m would be another 250 million shares @ .06,, and that's to many shares !!

[goldhunter11]

Ben, According their latest Corp Presentation (slide 13), they have only $3M (not $8M) in cash plus current asset (market table secuirty, like PRB shares from their JV with PRB?). There are two conventiol options to raise additional funds for AZX. - Option 1: Get a JV partner(s) and convince them to carry out the exploration work (e.g. drilling, get the 101 tech report done and perhaps a PEA in

[mystique1]

I'd prefer the royalty stream.

[Marine2]

goldhunter   I have to say, I have always enjoyed reading your posts !     Always pointing out facts and putting things in perspective.   You nailed the last Option / Possibilty that I really agree with.   “Another possibility is that, if Owens does not "deliver" soon (usuall, people would expect better progress than this...recall that the

[scanner18]

at one time owned more than 3 hundred thousand and interest would be re-woken aroung the two and half cent mark....just saying.

[goldopportunity]

Hey GH  --  good post as usual.  It wouldn't surprise me if sprott and gundy have effectively been calling the shots at alexandria for quite some time.  I'm speculating that to bring sprott on board, owens agreed to the secret power transfer.  Owens may be the public mouthpiece, but sprott et al are in charge.  Next year should be very interesting.  

[easycoder]

This post has been removed in accordance with Community Policy

[goldhunter11]

Easy, wts/opts are just part of the incentives for a PP. If the company want to entice the subscribers then throwing the wts or opts, with good terms, would help. A good example was the PP with ES who has 41M wts (at 0.09) attached to the units. If the company has the upper hand, i.e. there is a long line up at the door for the PP, then there would be no need to throw in the incentives. GH

[easycoder]

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[chadio]

GH.........there is always option #3.....sell 1% NSR back to Agnico for the stated price of 7 million dollars and still keep the other 1%........I believe that is the agreed price for 1% NSR from the land sale, the West Zone sold in 2014,  to Agnico  who also has first right of refusal for the other 1%.....just my two cents

[goldhunter11]

chadio, The West Zone deposit (the 14 claims) that AEM acquired from AZX for $5M plus a 2%NSR was/is a good deal for AEM. AZX needed the money badly, so AEM was waltzing with the cash to keep it going.  But the deal was not that good for AZX. Reasons? - It is a good deposit, tight, compact in one good lump from the extraction point of view. They could perhaps do one open pit. The RE for gold

[Marine2]

goldhunter,, Great Post, right to the truth !   You pointed out,   “The West Zone deposit (the 14 claims) that AEM acquired from AZX for $5M plus a 2%NSR was/is a good deal for AEM. AZX needed the money badly, so AEM was waltzing with the cash to keep it going.  But the deal was not that good for AZX.””   This is one of the reasons I never put any real money in AZX,

[ggrellette]

Heres a news flash for anybody that has not figured it out. AZX is the exploration arm of AEM. Buy out is not happening unless it is AEM doing the acquiring. What is definitely going to happen is the share consolidation. Then wash, rinse and repeat this is the cycle for jr. mining exploration companies.

[bobodolen123456]

talking out of @ again,why consider a consolidation at this time and not wait till 1st quarter,if sale is in the cards and gold is hammered at this time,companies interested in a purchase or jv venture would wait for a rebound in gold to shore up more cash,even with a spike in gold this stock will move little,has been in a tight range for some time and even with spikes up to 1300 the stock did not

[goldhunter11]

cruise The cost for 2018 drill program has been discussed recently. It's not small money for a 60,000 m program. We are talking about  millions of dollars. Diamond drilling cost per m? A web search using "diamong drilling cost" would give some clue about the cost for a typical hole. But this would vary depending on many factors, e.g. deep holes, due to the complexities, would