RE: RE: Acadia MiningAcadia was a CPC that did an RTO with Will Felderhof of Halifax in about 03. His original plan was to string together a number of small gold depositis around Nova Scotia and build one central processing plant. Towards that end he purchased a mill that had been constructed by the minerals division of Imperial Oil, as I recall, in the 1980's The mill was put on care and maintainece when zinc prices went south. Will's plan was to convert it from zinc to gold processing. But just as he finalized the deal the price of zinc exploded-so he got into the zinc business-but he made a critical mistake by not hedging zinc prices a few years ago. At todays prices ADA can make money but they have limited reserves.
I have no idea what happened to the old Nebex properties but I think they might have ended up in El Nino, just a guess,