AEX 0.00% 1.1¢ acclaim exploration nl

dying on the vine, page-7

  1. 5,867 Posts.
    AEX is drilling on arguably the most remote mining site on the planet. The costs of getting any work done here must be prohibitive-goodness knows what would happen if they actually find something remotely commercial, certainly have to be fly in fly out over some considerable distance.
    Massive problems in setting up a plant/water etc etc.-make Telfer look like a walk in the park.(The cost of transporting concentrate alone will be prohibitive).
    If the stock rallies , take some off the table, this one faces a lot of hurdles.
    Cheers,TAS
 
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Currently unlisted public company.

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