Alexandria Minerals Corp ALXDF

Great deal for Metalla......

[Goodbadandugly]

The Royalty has been acquired for $250,000 in cash. Agnico will maintain its buy-back right of 1% for $7 million, and the Royalty will be payable after gold production on the claims comprising the property has exceeded 210,000 ounces. And production expected to start 2020!, as Agnico has been busy getting all permitting and approvals in place.

[NextPhase]

[goldhunter11]

Hello NP, Welcome back. You have been away? Anyway, back to this 2% NSR,...based on the terms stated I would say AZX has a better deal than Metalla. It has $0.25M in hard cash in the pocket, while Metalla has to wait for quite a few years for the condition(s) to be met  before the NSR starts to flow in. The $7M buy  back for 1% seems juicy, but this would depend on a future (surprised)

[NextPhase]

GH, I have been here, but I've been mostly focusing my time on more productive things. I felt compelled to respond to this update, because it appeared people were making the NSR sale seem like a bigger deal than it was. NP