Adex Mining Inc V.ADE

Alternate Symbol(s): ADXDF

Metals & Mining Industrial Metals & Minerals

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.

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Adex Mining Inc

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Post by nutquackeron Mar 07, 2011 9:50am

515 Views

Post# 18243500

news!

Great news!! The projected output from the North Zone will be 40 tpy Indium, 4000 tpy Zinc, and 1500 tpy Tin. With the current prices per kg at $650.00, $2.48, and $32.27 respectively and the current Fully Diluted outstanding shares at 190,749,730, the cash flow per share per year is $.44

Multiply that by 5 = $2.20 per share. By 10 = $4.40. Not bad!

GLTA
nutquacker

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