Monday, March 26, 2012
Microcap Update: Alexandria Minerals
I expect Canada gold microcap explorer Alexandria Minerals (TSX-V: AZX; US - ALXDF.PK) to release an Initial NI 43-101 resource on their Akasaba property VERY shortly (perhaps Tuesday). The company already had some 900k ounces (Measured, Indicated and Inferred) and I am expecting Akasaba release to push them well over 1 million ounces! (Perhaps in the 1.3-1.5 mill. range).
The shares currently trade at only .12-.13 cents (market cap of only about 18 million). This company has a ton of potential IMO and is very undervalued given the current resource and future potential of more discoveries. They are also located in one of the most friendly mining jurisdictions in the world. Keep an eye on this one.
I am long ALXDF.PK.
Read more at their website - http://www.azx.ca/
Posted by HardAssets101 at 11:59 AM