Advanced Explorations Inc. ADEXF

RE: RE: RE: RE: RE: Meanwhile.......

[HVAN1]

You're right, Old Guy, the cost to establish infrastructure for ADV and AXI are not the same.  AXI's capex is higher. Both feasibility studies are now in and the numbers are clear: in terms of NPV, capex, IRR and opex, Roche Bay is a much worse project than Kami.

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All the "optimization" in the world won't change that simple fact. AXI management is trying to optimize production from 5.5 MTA to 8 MTA. Guess what happens when you increase production rate-- capex also goes higher, and NPV could be affected.

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Don't believe AXI management's lies. Believe the plain numbers. $642 million NPV for a project that will required $1.37 billion in capex. It's never going to be built.