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Advanced Explorations Inc. ADEXF

"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

Comment by goldvanities1on Mar 09, 2013 7:08am
105 Views
Post# 21103827

RE: RE: RE: RE: RE: RE: News Review

RE: RE: RE: RE: RE: RE: News Review

Altius's current 25% equity stake in Alderon, and 3% royalty on production, was developed for exploration and development costs of roughly $2 million. Whatever happens to ADV Altius has only risked $2 million of their treasury. If ADV blows up and doesn't become a mine Altius is out $2 million. If ADV becomes a mine Altius has a royalty worth $500 million to $1 billion, and an equity stake which will be cashed out before production. Just look at the Altius stock price. Low risk, high reward. The market is rewarding their business model.

If Roche Bay JV deal doesn't move forward then AXI has to go out of business. The weight of the $10 million XinXing debenture (which XinXing could have converted into AXI shares but has not) and the $1 million annual royalty payments due to Roche Bay plc make sure that AXI can't just wait it out a few years. 


 

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