Advanced Explorations Inc. ADEXF

Worth 1 billion or just 50 millions?

[FJG]

I have a question to all of you, AXI followers. How does it come that a company that released a PFS for a project worth 1 billion is only trading for a global market price of 50 millions? How does it come that when AXI released that PFS, in the mid of 2009, the stock went up a little bit to just over 25 cents a piece, no more? That doesn't make sense to me. Can anyone explain why the share is stubbornly staying so low ?? What is the pending doom with that company ???

[MurrayMac]

FJG, you present some good and fair questions.....   "How does it come that a company that released a PFS for a project worth 1 billion is only trading for a global market price of 50 millions?"   Not that it is a huge difference, but AXI performed a Preliminary Economic Study [PEA] and not a Pre-Feasibility Study [PFS] back in 2009......and yes, it did reflect a NPV of $1.1

[MurrayMac]

FJG.....one last point if I may concerning ownership and royalties for the Roche Bay and Tuktu properties.   This is a copy and paste from the January 2012 'Independent' Technical Report, detailing the Earn-in and Royalty Options available to AXI. I offer it to you with no opinion or slant, for it is pretty clear on it's own......   In January of 2007, AEI first entered into

[FJG]

  MurrayMac, I thank you kindly for your two very knowledgeable answers to my questions. I understand much more now why the company is so devaluated. Nevertheless I am not sure that there are many 1billion PEA out there selling for 1/20 of their NPV, especially only a couple of months before the release of the FS. I was more on the impression that the companies I have

[MurrayMac]

Hello again FJG,   "Nevertheless I am not sure that there are many 1billion PEA out there selling for 1/20 of their NPV"   Well, how about a junior iron ore player that has a NPV of $15.2 billion, but with a market cap of only $200 million. What is that.....1/76th? And you just alluded to this junior......it's ADI. Or how about BKI with a NPV of $3 billion and a

[FJG]

  Murray, it helps certainly, and I thank you handsomely for sharing these words. As I can tell I am not that much acquainted with mining development more than the basic stuff. I have more questions, but I will ask them to the whole forum, hoping to get your answer there. Again, thank you.