Alexandria Minerals Corp ALXDF

AZX New Fact Sheet (March 2018)

[goldhunter11]

The new Fact Sheet dated March 2018 is on the Website (Corp Presentation has not been updated, still November 2017)
https://www.azx.ca/investor-fact-sheet/.Noted the following from Fact Sheet:

- Updated RE: Expected end of Q1 2018, end of March, 3 weeks after PDAC? Could someone confirm this at PDAC?
- Cash:  ~$1M, expect ES (or somebody) to exercise some wts  to bring some cash to its treasury. Most likely, it would be ES, just to have a firm control of the situation, 33 Mwts@0.09 = $3M is chump change for him.
- Cadillac Break is listed to have M+I: 0.64Moz; Inf: 0.77Moz, Total: 1.14Moz (Believe that this is the combined deposits of Orenada 2009 RE, Akasaba 2013 RE and Sleepy)
- Vorvis, VP Corp Development & IR, not on Management Team at end of 2nd page. (But, under Corporate/Management, Vorvis is still there...AZX needs to clean up the website).
GH

[mal297]

The 52 week SP low listed on page two is not accurate.   Disappointing if RE delayed again till end of March.   

[goldhunter11]

[goldhunter11]

Sorry for the multiple posts. SH went bonker yesterday and stripped off my correction. Correction: In brief, the total RE for the Cadillac Break is 0.64 (M+I) +0.77(Inf) = 1.41Moz (not 1.14Moz, which is a typo). Hope it works this morning. PDAC opens today. Could someone dig up some tidbits on Orenada updated RE which is now scheduled to be released(?) by end of Q1? GH ------------------

[brandy2000]

Changed RE date yet again, stalling yet again. 

[brandy2000]

 The Companys technical team is working with an independent Qualified Person to update the National Instrument (NI) 43-101 compliant resource estimate for the Orenada Zone 4 and Zone 2 gold deposits. This updated estimate is progressing well and is expected to be completed before the end of the first week of March 2018  https://www.azx.ca/alexandria-extends-gold-mineralization-by-900

[mal297]

I am not sure what the intent of posting this was, but the issue appears to be the fact that this statement does not appear on the updated investor fact sheet prepared no doubt for distribution at PDAC which indicated before end of March.   Hopefully the recent NR will be honoured but in my mind there are now doubts.

[NextPhase]

Maybe everyone is overthinking this. The fact sheet says by the end of Q1 2018, which matches the wording from the presentation from November. To me, this doesn't invalidate the previous expectation at the end of the first week of March. It's likely they felt obligated to hand something out at PDAC last minute. Anyway, the factsheet timeline is vague, while the news release timeline is

[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

[brandy2000]

the Special Committee is draging its feet without a clear deadline to move forward.

[nelson11]

Getting a little concerned with this Mickey Mouse Operation. Definitive Communication in all areas lacking. Just venting, gone this far will see this out. It's 26 below here getting a little sick of this winter and all the shoveling. Oh! Well! It is what it is.

[goldhunter11]

Nelson, Check your inbox. EoM. GH

[goldopportunity]

Hey GH  --  so even before alexandria's still-to-be-released RE, we have 1.41 Moz (m+i and inf) for the cadillac break. How does this compare with what you wrote about probe's valuation based on their indicated and inferred updated RE?  Are we talking apples to apples, apples to oranges? GH wrote:  "Currently, PRB MktCap of ~140M assumes 140M/1.4Moz = ~$100/oz in

[goldhunter11]

Hi GoldOp, Yup, it's an unfair valuation. But that's what the market seems to say. So, the incumbent BoD of AZX will have to work hard to undo the perception the market has given to AZX. Let's ignore the details for now (e.g. indicated, inferred and the 60/40 assignment to Sleepy. Say, ~1.4Moz total for both cases, but why $126M (the current cap of PRB) versus $43M for AZX? (Also, let

[goldopportunity]

Thanks for your reply GH.  It's hard to comprehend such a mind-boggling wide discrepency if we're comparing oranges to oranges as you said (and I agree with you).   Well, when alexandria's re is finally released we could be witnessing a wild upside reset.   Jmvho. goldopp  

[goldopportunity]

Separate from my 9:43 am post, but substantially bolstering just how undervalued alexandria really is, is this other golden nuggest from GH: "The Fact Sheet also mentioned the 1.0 Moz total for those non-core properties in Manitoba which could fetch (cdn) $30 M assuming a conservative value of $30/oz in-situ." It doesn't take a rocket scientist to see where I'm going with this,