GREY:ADEXF - Post by User
Comment by
Tepinon Aug 16, 2011 3:33pm
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Post# 18948755
RE: Capex
RE: CapexI have done 2,5 years daily DD on AXI and I have a very large position in AXI. Excuse my english, I am german.
Your assumptions are so childish I can't believe it. You do not have any idea of AXI's plans, do you ?
The 65 Mio CAD for the port are realistic as this port is very small and will only be able to handle a bit more than the 1 mio to of iron nuggets per year. We are not talking about a nugget operation at the moment. AXI will have an intial start-up of 5 Mtpa concentrate in RB. That will be shown in the DFS coming till the end of 2011. You are right a port for 5 Mtpa will cost more than 65 Mio CAD but that is not the question. We will see the new numbers in the DFS.
You are making statements that are misleading people. Be careful this can read anybody.
We should all wait for the DFS and then discuss the numbers again. What do you think ?