Below is my post on AZX board, attached here for info. Would add that AZX is a good target for a merger. Dave did it once with AGE, he can certainly do it again with AZX which is dirt cheap at a Mkt Cap of just over $17M (@0.05, at 0.045 the Market Cap is $15.57M). A reasonable offer from PRB would receive a nod from AZX shareholders (noting than PRB is friendly with AEM which is AZX major shareholder). If PRB went for a merger it can get some 2.5Moz Au/AuEq ($8/oz, insitu, dirt cheap) including 100% of Sleepy, etc... without doing any drilling. PRB could then forget about the JV once it gobbled the whole thing. This is a no-brainer. ICG is just next door and it might have the same idea.
GH
-------------------posted on AZX board-----------------------
Probe formed JV with Alexandria (Sleepy)
posted on Dec 04, 2016 01:39AM