Advanced Explorations Inc. ADEXF

Feasibility Study "Fast Tracking"

[hundredvanities1]

This is how AXI and John Gingerich fast track a feasibility study:

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August 4, 2009: "We are extremely pleased with the success of our recent financings that allows the Company to remain on track to the completion of a Definitive Feasibility Study in 2010."

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March 10, 2010: "The Company will now continue to move  forward on the other aspects of the Definitive Feasibility Study, which we expect to complete by early Q1/2011, and then initiate pre-development project financing."

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January 17, 2011: "The Company forecasts that completion of its 2011 feasibility study will involve up to 15,000 metres of infill drilling for its Roche Bay project"

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February 17, 2011 "Our management team is working very hard at fast-tracking our schedule to complete the definitive feasibility study."

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May 9, 2011: "The Company has not yet determined how this will affect future expansion plans as the results from drilling underway at Tuktu may require additional modifications. The future expansion plans will not affect the delivery of the Feasibility Study with the initial draft still expected in Q4 of this year."

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March 22, 2012: "AEI is currently in discussions with its Feasibility Study Team as to the impact of re-defining the feasibility specifications. Upon further review, all delivery milestones will be updated."

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The feasibility study delivery date has morphed from 2010 to Q1 2011 to "sometime in 2011" to Q4 2011 to "a first draft in Q4 2011 but a final draft by Q1 2012", to "we'll let you know." Hilarious.