I first presented Almadex (AXDDF, AMZ.V) in the April, 14th 2016 issue of the Mining Stock Journal at 27 cents. After announcing on Monday an investment from Newcrest Mining in its flagship El Cobre Project, the stock traded as high as $1.31. I present the case for Almadex to be at least a 5-bagger from here in this Seeking Alpha article just released. As soon as I have time to analyze the new “Spinco” stock that will be spun-off from Almadex to shareholders, I’ll present a detailed analysis to MSJ subscribers.
Almadex Minerals (OTCQX:AXDDF) was formed as a spin-off from Almaden Minerals (AAU) in mid-2015. Almadex is comprised of several exploration properties plus Net Smelter Royalty interests on projects managed by other companies. The idea behind the original transaction was that the value of the parts was greater than the sum of the parts under one corporate umbrella.
The crown jewel transferred to Almadex is the El Cobre copper-gold porphyry project in Veracruz, Mexico. A porphyry deposit is a deposit in which minerals like copper, gold and molybdenum are disseminated in a stockwork of small veinlets within a large mass of hydrothermally altered igneous rock. World-class copper-gold porphyry deposits can be worth several billion dollars.
Follow this link to read the rest: Almadex Minerals Is Extraordinarily Undervalued