GREY:ADEXF - Post by User
Post by
Kadillacon Jan 17, 2011 9:58am
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Post# 17982922
Tuktu Project could be huge
Tuktu Project could be hugeGreat positive news today. In the release, John says the following:
"The Company's drilling program of Tuktu will be aimed towards revealing a potential iron ore resource comparable to its Roche Bay legacy project."
Right now, AXI is getting no value for Tuktu project but this could end up being another deal with a different Chinese company or XinXing for a joint venture on the Tuktu project.
Baffinland has a market cap that is more than 4x AXI. I think that gap will eventually close in 2011.
Kadillac.