ADEX Resource informationHere is some data that may provide somen guarded hope that GH may start moving on Mount Pleasant if trends continue.
Molybendum (Mo) price is up roughly 20% this year, although that only brings it back to it’s price in late 2014. It is still less than half the value in January 2011. This is the largest dollar value resource at Mt. Pleasant.
Tin (Sn) price is up roughly 35% this year bringing it back to it’s price mid 2014, but still 25 % less than Jan 2011. It is the second largest dollar value resource.
Tungsten (Wo), the third largest resource and the mineral actively mined when Mt. Pleasant was in operation, is up 10 - 15 % this year. The current price is about what it was in August 2015, but it is still only 55-60 % of the January 2011 price.
Indium (In), the fourth mineral by dollar value, is down about 15% this year and is only trading at about 1/3 of it’s value 5 years ago.
Zinc (Zn) is the fifth in mineral value, and is up about 50% this year and is now trading slightly above it’s value in January 2011.
These values have some limitations in that I am only accessing publicly available internet charts. It would certainly be helpful if ADEX maintained it’s website including up to date and historical values of the minerals in the resource base and periodically provided an analysis of market conditions affecting it's plans. This summary does illustrate that the world commodities collapse over the last 5 years has made mining Mt. Pleasant much less attractive than it was in 2010. This year may be the beginning of recovery, but values remain substantially less than in 2010. Shareholders will be hoping that the company has been doing it’s homework so that if this trend continues development will proceed quickly. A management update would be helpful as would holding an AGM.