GREY:ADEXF - Post by User
Comment by
rpdelucaon Mar 02, 2012 10:13am
148 Views
Post# 19616934
RE: RE: RE: NEWS - 5 Mio reveived
RE: RE: RE: NEWS - 5 Mio reveived ...and Tracker rememeber, Xinxing are sitting with a PFS in their hands with all the numbers in front of them. Does everyone remember last summer when metallurgy work was being completed in Germany, China and Canada. That work was done for the sole reason of getting a PFS completed on their end (a Chinese gov't requirement). So based on a PFS that they have in front of them, they decided to go ahead and set up this HK subsidiary and send another $5 million (interest free, minimum price of 45 cents) AXI's way. And don't forget, the Chinese gov't also looks at the PFS in order for them to make a decision on whether or not additional funds should be advanced.
So for those of you thinking that the DFS is going to tell you anything different from what they know today-well the chances are slim. Remember Wardrop and the Chinese engineers have been working very closely together on this project and they are sharing the same information.....