GREY:ADEXF - Post by User
Comment by
rpdelucaon Apr 23, 2012 3:00pm
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Post# 19825381
RE: LNG
RE: LNG Behr if you look at the Technical Report issued by AXI, you'll see that they are using LNG as an alternative energy source. The company has been looking at this option for quite some time so to say that they are now looking into this is untrue. Where I believe everything is starting to unfold is the plan to work together with the Nunavut and Federal gov't to truly come up with a plan that will benefit the entire Nunavut region. It's not only about having LNG for the RB development but a solution that will hopefully help address the entire regions need for a cleaner and cheaper energy solution.
I do agree with you that the FS is going to help answer many of these questions so the sooner we can get it delivered to the market, the better. The delay of the FS has nothing to do with LNG but more to do with the fact that they need to rescope the project for a 10MYPY operation vs the originall planned 5 MTPY operation. Again if you look at the technical report on SEDAR, you'll see that LNG is being used on the energy source.