Advanced Explorations Inc. ADEXF

RE: anyone still own shares?

[rpdeluca]

Do you guys actually know what DSO is all about? The DSO minimum to put on a ship is 55%...you can have lower grade deposits as the crushing and screening process will take the grades to target.  There are projects out in Brazil tha have started off in the 47% range and still yielded DSO grades after dry process.  Today 62% iron ore content is selling for about $120 per tonne.  A 55% DSO content would get you about $79 today.  Costs are significantly less with DSO.  On January 11, 2011 BIM press released their Mary River DSO project (120 km from port) with a cost of $30 (owner operated).  Considering the distance from Tuktu to RB is only 60km, you would assume the cost woudl be very comparable.  A higher DSO makes the equation even better but you can see that it can be economically feasible.

The press release today confirmed that in addition to the drill program that was carried out, a sampling program was executed that covered much more ground on the Tuktu project.  If you go on the website and look at the map, you will see the sample locations. Again these are surface samples only and it was this program that helped AXI discover a second high grade zone where they then conducted more drilling.  These drill results will be released once they get them back from the lab, giving all of us a better idea of the grades going down-hole.  This work completed and press released today  is the prospecting and mapping program and not the DSO project.  The really good news is that the BIF grades are extremely good.  Remember also that the DSO is a small subset of the entire Tuktu iron district.  The BIF grades that we are seeing on the sampling program truly makes Tuktu very interesting in the overall scheme of things..

I'm not claiming that it's 100% for certain that we have a DSO but it's also not 100% that we do not.