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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 straightupon Oct 03, 2005 5:48pm
21 Views
Post# 9380530

typical overreaction

typical overreactionTraders sold out today and those that don't know what this story is all about.People question why someone like J.S. is making Adulis a top pick week after week.Eleven more wells to go.They hit on the second and third so lets say out of the eleven remaining they have less than 50% success which is way below any rational estimate.Lets just say each well adds $1.50 to current s.p.(J.S. figures $2.00 US)we get $9.26 in one year.Plug in industry average numbers and you end up at about $30.00 at the low end.That is why todays reaction to one shallow well at $750 000 is laughable.Even if Puma ends up dry, common sense says buy the dip.Stress tends to makes people very short sighted.
Bullboard Posts