I don't know if this helps....
One of my sites had an Alexa rank hovering around 300,000 through Sept, with both 'reach' and 'page views' in the top 100,000.
That site had 1546 uniques that month.
Another, had a rank around 2,350,000 in Sept. Not ranked for 'reach' and 'page views'.
That had 4152 uniques.
Yet another had a rank around 2,400,000 in Sept. Not ranked for 'reach' and 'page views'.
That had 642 uniques.
Finally, to bring in Google
PR (sigh), another long standing site I've got has a Google
PR 4 and was not ranked at all in Alexa through Sept, with 620 uniques.
So, to agree with Stephen, I'm not sure Alexa really means much at the lower levels.
I'll let you know when I'm in the top 30,000!
