GREY:AUAYF - Post by User
Post by
Racket1on Apr 12, 2005 12:22am
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Post# 8890956
MESSAGE FROM AUA IR
MESSAGE FROM AUA IR"I have to say I am quite speechless right now and if anyone can, in the face of this release, claim anything else other than the fact Adanac Moly Corp. is by far the front runner, leader and most ridiculously undervalued stock in the base metals sector right now, I would like to hear from them and see what they feel is better.
The historical numbers were 151 million tonnes grading .063% mo and a historical measured and indicated of 190 million lbs.
The NI 43-101 compliant numbers are:
285 million tonnes with a measured and indicated of 339.5 million lbs molybdenum at a .03 cutoff (.054% mo). A whopping 78.7% over and above the historical number!
199.3 million tonnes with a measured and indicated of 270.3 million lbs molybdenum at a .04 cutoff (.062% mo). A whopping 42.2% over and above the historical number.
***I place the above as well as the historical numbers in bolded red because those are based on the same cut-off grade of 0.62% mo. Yes, you do see correctly. The NI 43-101 compliant numbers have come back 42.2% over and above the historical numbers using the same cutoff grade. OUTSTANDING!***
Then even more impressive, at a .05 cutoff (.070% mo) 135.9 million tonnes have been returned, with a measured and indicated 209.4 million lbs molybdenum which still places it 10.2% over and above the historical number. Keep in mind this is with a .05% cutoff!
These numbers are truly incredible and in my mind they place Adanac Moly Corp clearly at the top of the heap and with a move now to pre and full feasibility studies, it seems obvious to me Adanac Moly Corp is about to hit a lot of radar screens hard and fast. These numbers and Adanac's progress can not be ignored.
Also, with easier access to higher percentages, it makes mine payback that much quicker and of course that makes Adanac Moly Corp. that much more attractive to funds, majors and other suitors who would want to become involved in the mine financing. It also allows Adanac to be choosy because with numbers like those above, they don't have to give anything away. Like I said, do not take this release lightly, this is what in my mind many of the "big boys" were looking for and the clock is now ticking.
Remember this is an arms length company (AMEC PLC) that has not only confirmed what Adanac has said all along they have, but has exceeded that number by 42.2% That spells one thing for me in bold; C R E D I B I L I T Y
The press release appears below.
Continuing to bring you the best and brightest,
Michael Alexander
President
Accelerated Capital Investments Ltd.
Investor Relations Manager
Adanac Moly Corp.
Phone: 519-471-3243
E-mail: alternative@rogers.com
Disclaimer: The opinions expressed above are those of Accelerated Capital and Michael Alexander. Michael Alexander is not an IDA accredited analyst nor a licensed broker and as such the above is not intended to be taken as investment advice. It is to be taken as opinion, with an invitation to perform further due diligence to assist you in making a more informed investment decision. Michael Alexander is employed by Adanac Moly Corp. to perform Investor and Public Relations for which a remuneration is received. Michael Alexander also owns the stock personally."
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