GREY:AXXDF - Post by User
Comment by
Greenandgold.on Dec 08, 2011 2:09am
462 Views
Post# 19302472
RE: RE: HUH?
RE: RE: HUH?3 answers. All difficult to disagree with.
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1) In the Labrador Trough ADV has the only current large-scale iron ore operation that's begun the environmental permitting process (16 MTA registered with the province). No other major project is registered. ADV's Kami is the most advanced large-scale iron ore project. This is an indisputable fact.
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2) ADV has the deepest management team with the most iron ore experience of any junior in the Canadian marketplace. This is a disputable opinion, but good luck challenging it!
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Tayfun Eldem ran all operations at IOC, including mine, rail, concentrator, and port, leading a team of 2000; he was also in charge of a $2 billion program of green and brownfield expansion at IOC. Todd Burlingame successfully permitted two mega-projects, Long Harbour and Lower Churchill. Bernard Potvin was general manager of IOC. Ed Lyons was chief geologist of Consolidated Thompson. The board of directors includes all the major players from Consolidated Thompson (without insider trading convictions) including the former Chairman, CEO, CFO, and general counsel.
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3) ADV's Kami project has the least amount of infrastructure to build of any large scale iron ore operation in Canada. This is also disputable, but again, good luck making that argument.
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Kami is a 12 to 15 km away from the common carrier rail and from a hydro-electric power station, and the same distance from the towns of Labrador City, Wabush and Fermont. Doesn't get much closer than that.