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.

TSXV:ADE - Post by User

Adex Mining Inc

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Comment by morriconeon May 24, 2011 11:19am

404 Views

Post# 18617617

RE: New Guy

If ADE reaches producer status and it's still trading for peanuts then yeah, it's could be bought out for peanuts. However, if it reaches production then I believe the share price will be substantially higher than at present and if it gets bought out at that point then I don't think I'd object.

In any event, at this point I think GH will be positive for this company which has been drifting for years under very weak management.

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