GREY:ADEXF - Post by User
Comment by
Greenandgold.on Nov 09, 2011 5:36pm
211 Views
Post# 19224041
RE: RE: Diesel Fuel Costs are Killer
RE: RE: Diesel Fuel Costs are KillerHere's your D&D: Nunavut currently has zero production of hydrocarbons. Not one drop of oil, not one cubic foot of natural gas. Nothing.
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Is Gingerich suggesting AXI's going to tap Nunavut's "rich" natural gas reserves to power its mine? Is AXI going into the natural gas business? His imagination is really churning out some elaborate fantasies. Good for him, bad for the gullible investor. There's no evidence the oil and gas in Nunavut are economic reserves.
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AXI, like everyone else in Nunavut, will have to rely on expensive imported fuel to power its project.