It becomes interesting when the grade exceeds 10 Au (g/t). The highest is 10.87 then drops to 7.20 Au (g/t), then just trickles: 1 oz =28 grams. The way I see this is you need to dig approx. 3 tons of dirt to extract 1 oz of gold and sell-it @ $1250/oz street price. So, 10 Au (g/t) is interesting but the rest of the results are so so. In comparison BMG has drilled the following results and they are worth about .33/share and have about the same outstanding shares as AZX:
BMG
- IM-18-001: 101.98 g/t Au over 2.15 meters
- IM-18-001: 7.65 g/t Au over 10.60 meters
- IM-18-005: 14.69 g/t Au over 15.80 meters
- IM-18-006: 10.87 g/t Au over 6.00 meters
- IM-18-006: 24.16 g/t Au over 14.55 meters
- IM-18-009: 52.65 g/t Au over 2.50 meters
- IM-18-010: 19.64 g/t Au over 3.85 meters
- IM-18-019: 11.35 g/t Au over 6.30 meters
- IM-18-022 34.57 g/t Au over 4.20 meters
I my opinion, Alexandria’s drill results are not very impressive, it will cost a lot to dig-it out. Not sure if these numbers actually correlate to the share prices; I'm just comparing good results and no so good. Don’t get too excited about this stock.