Advanced Explorations Inc. ADEXF

RE: Discovery Channel

[greenandgold]

There are some similarities between Roche Bay and Voisey's Bay. Both are fly-in, fly-out camps, both located in cold places very near shipping, both began with no existing infrastructure. But be careful with numbers in mining. Voisey's Bay ships 360,000 tonnes of nickel concentrate per year, not 300 million tonnes!
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This is another illustration of the difference between bulk commodity mining (iron ore, coal) and industrial/precious metals mining (nickel, gold, etc.). Voisey's Bay is a top-tier nickel mine, one of the largest resources of its kind on the planet, but it only ships 360,000 tonnes per year. One of the plans AXI has considered is shipping 5 million tonnes of iron ore concentrate per year from Roche Bay. Completely different scale and completely different capex and opex requirements. 
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Other differences between Voisey's Bay and Roche Bay: 1) The weather's a lot better at Voisey's Bay. 2) Voisey's Bay is a top-tier nickel property, one of the 2 or 3 best in the world, and it was always certain, despite development issues, that a company would put up the billions to develop the resource. No matter how you spin the resource numbers Roche Bay is not a top-tier global iron ore resource, it obviously doesn't compare to the monstrous iron ore reserves in Brazil and Australia. There isn't the same certainty a company will invest billions to develop the mine in this resource cycle or any other.
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On another issue, so what if Vale staked claims in Nunavut? Nunavut has various good mineral resources that will be developed by various companies. I'm just not certain Roche Bay will be one of them.