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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
Comment by morriconeon Jan 31, 2012 11:14pm
216 Views
Post# 19472444

RE: RE: RE: Adex Reports High-Grade Drill Results

RE: RE: RE: Adex Reports High-Grade Drill Results

"Even now the stock by all conservative evaluations should easily cost at least 10 times more."

You'd have to be pretty delusional to believe that or to believe that there's any manipulation taking place with this piece of carrion. The company has spent 15 years pissing around on this property spinning it's wheels and accomplishing pretty much nothing. They need to be totally focused and committed to getting a mine up and running to get any credibility. They need to show the market that they have objectives on a time line that they are working towards that mine start up. Until that happens .10 is a more than fair price for these shares.  

Todays announcement was a waste of time and money and the market yawned accordingly. We don't need more drilling. We need to get a mine up and running and then do more drilling later with the cash flow to expand the resource.

As it is, frankly, right now the company gives the impression that they're going to be pissing around for another 15 years.

Bullboard Posts