GREY:ARGEF - Post by User
Comment by
canada7on Jul 31, 2010 6:17pm
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Post# 17313368
RE: Canada7
RE: Canada7Great. I was one of earlier investors of RGX, but not the earliest as I did not participate in the RGX CPC formation. I invested in RGX after spending many days on the 43-101 and their presentations. During my DD, I also found their metallurgy study done by NMR360, and apparently it worked. Thus, I have never thought it will not work, and thus I just did not understand why people kept on saying the metallurgy will not work. They already have done it in the laboratory before the qualified transaction, if you read the RGX presentation in 2009, you can easily found the metallurgy study. I was also surprised that before the qualified transaction, they already have the production plan in place including pilot mining and commercial production. I was indeed surprised. It looked to me that earlier RGX management have done a great job in preparing the company for the qualified transaction. But Argex moved really too fast, they have done much more than I anticipated in the last 9 months, and some of their recent news are indeed a real surprise to me, specifically scoping study and a new acquisition. Anyway, two major risks of Argex are gone, and Argex will transform itself from an exploration company to a production company with an exceptionally high grade (from $600 to $1200 per ton value), the value is simply incredible.