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TGX Energy & Resources Inc V.TGX

Alternate Symbol(s):  TNGMF

TGX Energy & Resources Inc., formerly True North Gems Inc., is engaged in the exploration and evaluation of natural resource properties in Canada. Its properties include True Blue, Cobalt Hill, Chuchinka rare earth element (REE), Decelles and The Nabikok. The True Blue Property comprises around 303 claims located 55 kilometers (km) south of Ross River, Yukon. The Cobalt Hill Property, a base and precious metal prospect, is located five km east of Castlegar in southeastern British Columbia (BC), covering an area of over 562.5186 hectares (ha). The Chuchinka REE property is a grassroots REE exploration prospect covering an area of over 562 ha, which is located four km north of the Defense Metals Corp. REE discovery known as the Wicheeda rare earth element deposit, in BC. The Decelles property consists of around 215 claims. Nabikok Property is an early-stage lithium-bearing spodumene pegmatite prospect comprised of 155 exploration claims, located in the eastern region of the Abitibi Belt.


TSXV:TGX - Post by User

Bullboard Posts
Comment by LuvMyGoldon May 28, 2006 9:50am
200 Views
Post# 10913348

RE: Thanks, 7, but what I don't understand...

RE: Thanks, 7, but what I don't understand...snoozle...says in part: " .......as long as the value is there (which it appears to be in this case...." That's just the point, isn't it? Is the value there? We have been waiting for 'value' relating to the emeralds for years now and nothing to show for it. Now that we have moved on to other colored baubles'( a term used by another poster here last year), the market is taking a very cautious approach to TGX, collectively they obviously don't believe that the sapphires or rubies will be any different than the emeralds fiasco. There is 'potential' for value here and that is what keeps me holding on, at least until the sp increases to above my cost base, then it will be decision time, however, in my very humble opinion, the current shareprice will fluctuate in the 30-40 cent range until they come up with some substantial evidence of 'valuation' for any of their stones, and that may take quite a while yet. I am not bitter, just a long term holder of TGX who is frustrated with the progress to date, even though they seem to be doing the right things(bulk sampling) with respect to the red and blue baubles to date. As for the green stuff, well, that's another story.
Bullboard Posts