Alexandria Drills 6.66g/t over 22.7m at Sleepy
Alexandria Further Expands Potential at its Sleepy Gold Project Drills 6.66 g/t Au Over 22.70 m Below 400 m
This is terrific news, and helps provide some supremely positive news flow while we await the initial resource from Akasaba.
Keep in mind, Fools, that the company will be needing to raise some capital soon, and as with most exploration companies of its scale a share offering is the most likely method. Although it is obviously not ideal to have to issue shares at a price-point that I think the entire community views as a depressed valuation, I can see no other alternative. Nonetheless, I actually am hoping for a relatively large offering that will permit the company to drill aggressively, and I have every intention of maintaining my percentage stake in the company regardless of the size of the offering.