GREY:ADEXF - Post by User
Comment by
VENManon Feb 01, 2012 1:12pm
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Post# 19474821
RE: RE: RE: RE: RE: Ownership of Roche Bay
RE: RE: RE: RE: RE: Ownership of Roche Bay That web-page also states the resource as only 358 million tonnes. Do you want to believe that as well. Call AXI and get the facts otherwise you guys deserve to lose all your money. Sell all your shares right now at 25 cents and move on if you think they only own 49%. When you find out from AXI that you guys are dead wrong you should post the correct information to make up for the misinformed information posted.
The web-page does state that over $40 million has been spent which you can add to the $20 being spent on the DFS. So you see $60 spent while the market cap is still below $40 million. Holy crap if an opportunity smacked you guys in the face like a dead fish you would miss it.
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Over the past five years, more than $40 million has been spent on exploration and development of our Eastern ore bodies by Roche Bay and our joint venture partner, Advanced Explorations.
- One of the seven ore bodies in the joint venture is a 358-million-tonne resource of 28% Fe-content ore that is compliant with NI 43-101