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Adex Mining Inc V.ADE

Alternate Symbol(s):  ADXDF

Adex Mining Inc. is a Canadian junior mining company. The Company is focused on developing its flagship Mount Pleasant Mine Property, a multi-metal project that is host to promising tungsten-molybdenum and tin-indium-zinc mineralization. The Company holds 100% of the subsurface mineral rights to approximately 1,600 hectares encompassing the Mount Pleasant mine area of New Brunswick, Canada approximately 60 km south of Fredericton approximately 100 km northwest of deep seaport facilities located at Saint John. The Company, through its subsidiary, Adex Minerals Corp., holds claims under Prospecting License 14338. Within the mineral rights area, the Company owns approximately 405 hectares of land. Also, within the mineral rights area there are two distinct poly-metallic mineral deposits, the Fire Tower Zone (FTZ) and the North Zone (NZ). The principal metals include tungsten and molybdenum in the FTZ and tin, indium and zinc in the NZ.


TSXV:ADE - Post by User

Bullboard Posts
Post by 123con Dec 30, 2017 5:02pm
125 Views
Post# 27252205

Resource Values

Resource ValuesI did some rough calculations using publicly available values of the metals reported and if I got it right, the value of indicated resources is up about 40% since late 2015 which is about $ 10 Bill.  Similarly, my calculations would give an increase in the value of inferred resources of close to 50% which would be another $18 Bill.   You would think that might motivate our glorious leaders, but if you review my earlier posts, I doubt that they have the money to meet their comitment. 
Bullboard Posts