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Adex Mining Inc V.ADE

Alternate Symbol(s):  ADXDF

Adex Mining Inc. is a Canadian junior mining company. The Company is focused on developing its flagship Mount Pleasant Mine Property, a multi-metal project that is host to promising tungsten-molybdenum and tin-indium-zinc mineralization. The Company holds 100% of the subsurface mineral rights to approximately 1,600 hectares encompassing the Mount Pleasant mine area of New Brunswick, Canada approximately 60 km south of Fredericton approximately 100 km northwest of deep seaport facilities located at Saint John. The Company, through its subsidiary, Adex Minerals Corp., holds claims under Prospecting License 14338. Within the mineral rights area, the Company owns approximately 405 hectares of land. Also, within the mineral rights area there are two distinct poly-metallic mineral deposits, the Fire Tower Zone (FTZ) and the North Zone (NZ). The principal metals include tungsten and molybdenum in the FTZ and tin, indium and zinc in the NZ.


TSXV:ADE - Post by User

Bullboard Posts
Post by RX4H1N1on Mar 13, 2011 7:24pm
466 Views
Post# 18278686

Yearly metal production and value in $US

Yearly metal production and value in $USIndium production at Mount Pleasant is planned at 40 tonnes per year ("tpy"), with zinc metal production planned at about 4,000 tpy of zinc metal. Adex also plans to produce about 1500 tpy of tin metal either as high purity metal or as metal contained in tin concentrate.


40 tonnes indium = 1000 X 40 = 40,000 kgs indium X $ 600 US a kg = $24,000,000 US

4,000 tonnes of zinc = 1000 X 4000 = 4,000,000 kgs zinc X $US 2.26 a kg = $ 9,040,000 US
 
1,500 tonnes of tin = 1,500 X $29,900 US a tonne =  $ 44,850,000 US

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Metal value total of $77,890,000 US (based on most recent spot prices) per year




Bullboard Posts

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