Abaxx Technologies Inc N.ABXX

Taconite

[Maple3]

Hi Juade. You’ve had very informative posts on the fin teck and exchange side of this RTO. Any thoughts on the massive taconite deposits Abaxx now holds? (Isn’t it 10+ B tonnes of iron ore?)

Sept. 28: “The total carrying cost for all of these properties could easily exceed $2.5 millions per year starting 2021.”

Does new ownership reduce these fees? Could Abaxx raise cash by selling these claims? Would they let go the claims to avoid these expenses? Or do you think Josh and his team will eventually get involved to try to make this mining dream a reality?

Thank you again.

[jduade]

@Maple3, I've spent hundreds of hours researching the Taconites over the last 10 years, and their prospects are complicated. To answer your question, the changing ownership from NML to Abaxx does not nullify the fee structure for the claims, the clock is still ticking so to speak and it gets more and more expensive to hold the properties by the year. My guess is that Abaxx will either sell