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Advanced Explorations Inc. ADEXF

Metals & Mining Industrial Metals & Minerals
"Advanced Explorations Inc is a development stage company. It is engaged in the acquisition, exploration and development of properties within the resource sector."


GREY:ADEXF - Post by User

Advanced Explorations Inc. > Slaughter
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Comment by hundredvanities1on Jul 09, 2012 3:54pm
141 Views
Post# 20095733

RE: RE: RE: RE: Slaughter

RE: RE: RE: RE: Slaughter

Industry norms/averages in recent years = skyrocketing costs for labor and equipment. The Nunavut norm is a massive cost blowout for the only producing mine in the region (Meadowbank was estimated to cost $400 million capex, ending up costing $1.3 billion).

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The feasibility study will be based on power being produced by arctic diesel (expensive but proven), not the unproven, "remote" LNG solution.

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Tetra Tech will take all of this into account and deliver a realistic assessment. If the truth is ugly they won't dress it up. That's what they showed with the Selwyn zinc project (feasibility work showed that planned production "will not provide an economic return," and no study was released).

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