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Regenx Tech Corp. C.RGX

Alternate Symbol(s):  RGXTF

Regenx Tech Corp. is a Canada-based company, which is engaged in development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. It has two operating segments, exploration, and development of mineral properties in Spain and mineral extraction through use of its equipment in North America. It is focused on the extraction of platinum and palladium from diesel catalytic converters. It provides an alternative from environmentally harsh smelters to modern technology to recover the precious metals. Its industries using catalytic converters include generators, industrial, automotive, light trucks, commercial vehicles, and heavy equipment. The Company’s subsidiaries include SME Resources Ltd., Mineworx Technologies Inc., Regenx USA Inc., and MWX Espana, S.A.U.


CSE:RGX - Post by User

Comment by AlfTanneron May 21, 2024 10:52pm
92 Views
Post# 36051215

RE:RE:PLEASE PLEASE COMMENT

RE:RE:PLEASE PLEASE COMMENT
lscfa, unfortunately, there is no evidence that they can run just one module continuously.  My guess is that the vats and pipes get clogged with sediment, and the spend just as much time cleaning things out as they spend running the process.  
 
Even if they ever do get to 4 modules with continuous production, my numbers only show production of about 5500 ounces of platinum per module per year based on the realistic grades they will likely be processing.  That would be revenue of $5.5M per module or $22M for the factory.  I am thinking operating profit of 30% or $6.6M per year.  Unfortunately, the company's fixed overhead cost is running around $2M per quarter or $8M per year.  Even with 4 modules producing continuously, they would be losing $1.4M per year.
 
IMHO, Pendura's "forward looking statements" about expected production and profits were a complete load of BS.  Investors were misled, the money was all squandered on a bloated staff, and the process is a failure.  This thing is a boondoggle.
 
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