Advanced Explorations Inc. ADEXF

RE: RE: Greenandgold

[greenandgold]

Alderon did its first major private placement ($10 million) in January 2010 and drilled its first hole at Kami in June 2010. Let me list what they've done in 20 months:
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1) ADV drilled 32,000 meters. Currently in the midst of drilling another 26,000 meters. That will be 58,000 meters of drilling by the end of this year. How many meters has AXI actually drilled in 2010 and 2011? Maybe 5000, if that.
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2) ADV drilling resulted in a resource update of 1.1 billion tonnes at Kami, 490 million tonnes indicated and 598 million tonnes inferred. Roche Bay has 323 million tonnes indicated, 226 million tonnes inferred, from drilling completed in 2007 and 2008. Minimal drilling at Roche Bay in 2009, 2010 and 2011 means these numbers won't be upgraded anytime soon.
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3) ADV released positive a PEA this year, Kami has a net present value of $3 billion. AXI released a positive PEA in 2009, too bad it's for a nugget concentration plan that they've probably abandoned. 
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4) ADV hired former IOC execs, with experience building and running a massive iron ore complex, as CEO and COO. Also key hires to deal with environmental permitting and government relations. This is a team that can build a mine. The same cannot reasonably be said of AXI's exploration-focused team. 
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ADV has arguably done more at Kami in the last 20 months than AXI has done with Roche Bay since 2007. Will ADV sign its offtake deal before AXI gets XinXing to sign? Will ADV's feasibility study, due Q3 2012, appear before AXI's feasibility study, due Q1 2012? It will be interesting to see--I know ADV always hits its targets, let's see if AXI can finally do something on schedule.