Greetings to all
Alexandria shareholders who held on to their shares and to those who will be watching the progress of
O3 Mining, Inc. over the next while and sympathies to those who thought the "FOR" vote was the end of the world and dumped their
AZX at a loss or without profit, such as the arrogant dullard who posted on this board just recently that he had sold his shares for 7 cents a piece and thought he had "the last laugh" and so added "braggart" to his capacity as "dullard."
Well, it is not the end of the world and here is why you may not only want to keep your shares but keep a close eye on the possibility of picking up some
O3 while it is still at the present depressed level.
Yes, many, myself included, thought
AZX and
AEM would be a perfect fit and that
AEM would appear at the last minute to snatch victory out of the jaws of defeat by offering a substantially higher price for
Alexandria but such was not to be. Why? I have no clue but suspect it has to do with the majors taking a less active role in junior explorers who have a proven deposit but perhaps not yet a proven economic deposit or a sufficiently large deposit to make it worth their while, especially given that large producers such as
AEM are usually not directly involved with exploring but with producing a known economic deposit.
This leaves the elbow grease in this regard to be expended by the mid-tiers and the juniors especially, with the large producers coming in only to buy a significant and mineable deposit. Best guess.
But after thinking things through thoroughly, however, I see a lot of light here at the end of the tunnel that is not the train secondary to deeper consideration of the facts of what did happen yesterday and where we are now and most importantly, where we are going in the future.
Since there are few 'definites' in the junior gold exploration business, the ultimate outcome with certainty of being part of
O3 Mining, Inc. is unknown. But some very pertinent things we do know. And they are positive.
This is now a company which essentially will be run by Osisko and guided by a Peruvian mining powerhouse under the very capable leadership of Jos Vizquerra-Benavides who is apparently now the CEO and President of O3 Mining. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2706-tsx-venture/oiii/65008-o3-mining-completes-acquisition-of-chalice-quebec-properties.html And this is also a company that has already
six million proven ounces of gold if you consider what has already been proven up in Alexandria's rocks plus the
Marban, Garrison and
Chalice properties, among others, that are now added to
O3. And that does not include what we believe are additional highly prospective deposits in Alexandria’s rocks, possibly even bonanza grade. Of course, we won’t know until the drilling and coring and fire assays are done but we are in ‘elephant country,’ are we not?
It is highly probable additionally that most or many of those on the
Osisko Board of Directors will also sit on O3's Board or at the least have a very direct influence on it.
The involvement of Jos Vizquerra-Benavides in a pivotal position I believe is a very positive factor. We know it had to take both money and power to get this deal pulled off as quickly and seamlessly as it was.
According to MarketScreener, "Jos Alberto Vizquerra-Benavides is on the board of Sierra Metals, Inc., Alio Gold, Inc., Discovery Metals Corp. and Osisko Mining, Inc. (former COO, Director & Senior VP-Corporate Development). In his past career he was Head-Business Development for Compaa de Minas Buenaventura SAA, Geologist at Goldcorp, Inc. Exploration Geologist at Goldcorp Canada Ltd. and Geologist at Red Lake Gold Mine Ltd. (both are subsidiaries of Goldcorp, Inc.) and President, Chief Executive Officer & Director at Oban Exploration Ltd.
He received a graduate degree from Queen's University and an undergraduate degree from Universidad Peruana de Ciencias Aplicadas SAC."
Clearly, this is a man, age 39, with a track record of significant experience mixed with both professional geologic and business acumen. I doubt we could do better.
Hence, it seems to me we have the makings of a bright future. We shall see. The price of gold, of course, is critical to all the miners and
O3 Mining, Inc. is no exception.
Gerald Celente, the trends forecaster, sees US$2,000 the ounce in the very near future. It would be a lead boat that that price would not float! And Celente is not the only "guru" who sees gold rising far and fast.
There may be a bit of upheaval for a few weeks but when gold is finished correcting, we may be in for a very pleasant surprise. No guarantees but the stars do seem to be aligning. I believe
O3 certainly now has the capital and the capability and the capacity to do some very effective exploring, exploring that went begging for so long because of the distracting and unseemly acts of a certain individual who was terminated
for cause, as we have been advised.
Yes, fellow shareholders of
O3 Mining, Inc., we have been through some needlessly tough times but I believe those times are effectively now curtailed by the formation of this new company with its not insignificant potential.
And yes, we have seen trial and tribulation for no short duration.
But we need to remember this: the finest gold goes through the hottest fire! Adversity builds character. To put it another way, tough times don’t last but tough people do. And when the going gets tough, the tough get going!
Well, we surely have seen "tough." Optimistically, now it is time to hopefully reap what we believe this new company with its vast potential may uncover. It well may become a first class and highly profitable operation. The people in charge now have both blood and gold flowing through their veins and that is a very potent combination for a junior gold exploration company.
Especially when you combine them with the elbow grease I spoke of earlier.
Good fortune to all.