Argex Titanium Inc. ARGEF

comparision

[canada7]

I hope people understand the implications of the resource that RGX had.  If RGX has 200 M tons, RGX will be able to produce close to 67 years of production with 1/3 of annual world production. Of course, we need drilling to complete those lenses, and thus this number cannot be trusted. However, 79M ton is a very good reliable indicator now as current drilling confirmed historical drills and MORE. Remember historical drill did not go down below 25 meters or so,  but this time RGX went down much further, and the lenses also expanded. Thus, with only two lenses drilled, I am expecting at least 79 M tons of resources at this time now.

For those who want to know some comparison with other vanadium companies, RKY is a vanadium company, and it has 20M tons with 0.33% vanadium, at 3 M tons of commercial production per year, it can supply 5% of world annual production for about 7 years.

In comparison, at the same commercial production rate, RGX will produce probably 6% of annual vanadium production for 20 years (assuming only 60M). Vanadium production alone will be sufficient to make RGX a very valuable company.

If we now add 30% of titanium annual production plus 1.5M tons of direct shipment iron ore per year, what should the RGX value? As vanadium production will pay for the production cost already, 30% of annual titanium production will be produced at ZERO cost for 20 years, and 1.5M tons of iron for 20 years at ZERO cost.

The iron alone can bring in at least $150M of income per year. Titanium value too high to list here if RGX can produce titanium metal.

When we look back in 2012 or 2013, we will think RGX below $1 or $2 is a wholesale rock bottom price.