RE: RE: RE: RE: One ExplanationThe first press release contemplates the possible addition of a concentrate operation alongside a nugget operation. The second press release contemplates the possibility of a start-up concentrate operation--which, based on the information AXI is feeding the market--will lead to a nugget operation after cash flow gets started.
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See the 3 development scenarios for Roche Bay on the AXI website
right now:
https://advanced-exploration.com/projects/MelvillePeninsula/model/index.html
1) 98% nugget production
2) Nugget/concentrate producer
3) Start-up concentrate producer, with an "option to expand to nugget operation"
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All of these scenarios suggest that the nugget operation is very much somewhere in AXI's future, a very attractive prospect for a producer of ductile iron pipe who could really use a cheap source of iron nuggets.
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If AXI, during its due diligence, has realized (as all of us have) that Roche Bay
will never have a nugget operation then we have a disappointed buyer.