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Northstar Gold Signs MOU with Hunan Nonferrous Ltd. to Develop Gold Resource (click to learn more)
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Advanced Explorations Inc. ADEXF

Metals & Mining Industrial Metals & Minerals
"Advanced Explorations Inc is a development stage company. It is engaged in the acquisition, exploration and development of properties within the resource sector."


GREY:ADEXF - Post by User

Advanced Explorations Inc.
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Comment by greenandgoldon Sep 08, 2011 11:08am
155 Views
Post# 19022350

RE: RE: RE: RE: RE: RE: development obstacles

RE: RE: RE: RE: RE: RE: development obstacles

The grades at Tuktu are terrific. That's what one expects of a deposit in the difficult location: great grades to compensate for the risk of development in a harsh environment. For example, Baffinland's in a worse location than Roche Bay but at least the grades are spectacular (65% iron) and the deposit is huge. 

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The most annoying thing AXI management does is its use of the term "global Nunavut resource" to implicitly connect the Roche Bay and Tuktu deposits. Sorry, the deposits are 60 km apart. 60km of rail or road will cost $300 million (5 million per km). There's no easy way to connect the deposits. If they both get developed they will need to be 2 different mines, with separate facilities and ports.  
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So the board says we should just wait patiently for the feasibility study. I ask, will the feasibility study change the fact of 26% iron ore grade at Roche Bay?

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Dealroom for high-potential pre-IPO opportunities