GREY:ARGEF - Post by User
Comment by
canada7on Jul 31, 2010 4:11pm
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Post# 17313270
RE: RE: kbrg35 -- my thoughts
RE: RE: kbrg35 -- my thoughtsKR: When do you buy into RGX? How did you learn the RGX story? I am just curious. For about few months, I thought I may be one of few shareholder of RGX here. Many people came and said negatively about RGX, and the most common reason is metallurgy. Some said the drilling results are irrelevant as no metallurgy is available to get minerals from the ore. We have even see multiple imposters here making really nasty and false comments on RGX (almost anything related to RGX including RGX shareholders)..... Anyway, they have been proven to be incorrect. Thus, RGX value have been seriously under appreciated. That may be the single most important reason. With 43-101 coming and I am confident we will see over 60 M tons of resources with mineral value at least $36B (most likely over $100B), and a positive scoping study, I see this stock moving above $1 or even $2 within few months. As I have no crystal ball, the number I have is based on speculation that the market will give 1% value after scoping study and 43-101, and that number is too crazy to post here. Do the math, it is too crazy to state the number. If the value is over $100B, assuming the share outstanding is 100M, even 0.1% of value will give RGX stock above $1, 1% value will give RGX to $10, and RGX is moving to production, and the market will have to give some value more than 0.1% of value in the ground.