I'm a big fan of TLM long term as most know, and yes, ADX have some nice 'black lines' on the tenement map - volcanic fault lines likely to produce IOCG areas from memory, but that might be wrong.
I'd have to go back to my notes.
ADX are opne of hte companies that haven't really seen any nearology benefits in price yet form the SFR, TLM plays. Most of the others have had a price surge on the back of SFR.
ADX is moving ahead on the oil and gas plays - and is certainly looking poised to do well this year.
If they succeed with the oil and gas, then why not sell this tenement off for a good sum? Might happen - or might not, but simply owning it has to be worth a few dollars to them, and maybe a cent or two on the sp?
End of the day pocko - it's all about the oil and gas imo.
This is simply a bonus, yet one that could be a very lucrative one.
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