Ed Note: This stock recommended by Kaiser Bottom-Fish Online

Adex Mining Inc, headed by CEO Errol Farr, is focused on the 100% owned Mount Pleasant projecty in southwestern New Brunswick, Canada. Mount Pleasant, site of a former mine, is a tungsten-molybdenum and tin-indium project with a 43-101 compliant resource in its Fire Tower zone of 98 million indicated tungsten pounds and 62 million moly pounds, with a further 4.8 million tungsten and 3.7 million moly in the inferred category. At the Main zone, Mount Pleasant contains an additional 64 million moly pounds as a historic resource. A scoping study completed at the Fire Tower Zone in fall 2008 envisioned a 13 year mine operating at a 2,200 tonne per day rate and requiring capital expenses of $130 million in order to yield $1.16 billion during the mine life. The after tax NPV, at an 8% discount rate, was $83.7 million. Adex is currently continuing to advance Mount Pleasant through the feasibility process.

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