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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
Comment by 123con Apr 05, 2018 8:31am
114 Views
Post# 27834425

RE:What is the best case scenario with this stock?

RE:What is the best case scenario with this stock?There realy is no way to set a buy-out expectation.   In an earlier post I estimated the value of the minerals in the ground at about $ 6/share, but that doesn't relate directly to the value of the stock.  The cost of getting the minerals out of the ground and processed to a marketable product is substantial and the cost of financing etc all come out, so the value to a shareholder is much less than the per share value of the resources.   What really would determine the value of a buyout is GH.    They might try to buy out the rest of the sharfeholders and take it private, which no doubt would be a lowball offer.  At .10 they could concevably could get the shares not allready held by board members for about $10 million, which might have been their strategy all along.  Their price would reflect  a  multiple of the market price of the shares at he time. On the other hand, if they don't want to develope the mine themselves, the fact that they have control gives them the ability to negociate with a buyer who wants to develop the mine priced on the basis of the potential return, which would probably be much higher than what they might offer us.  GH hold all the cards
Bullboard Posts