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.
Kaiser Bottom-Fish Online is a fee based research portal owned and operated by John Kaiser from his base in Moraga, a suburb in the San Francisco area of California. It specializes in high risk Canadian listed securities and seeks to provide investors with a framework for intelligent speculation. The resource sector is the primary focus for an investment approach developed by Mr. Kaiser which combines his “bottom-fishing strategy” with his “rational speculation model”. A full membership costs $800 annually or $250 quarterly. It provides access to online information resources, commentaries and recomendations.