GREY:ARGEF - Post by User
Post by
canada7on Dec 24, 2010 6:39pm
374 Views
Post# 17894486
Explosive news coming very soon
Explosive news coming very soon
We have been waiting for RGX to release news about 43-101 and metallurgy, and possibly some other news that we have no idea as RGX has not released any new news for more than 2 months due to the filing of the prospectus. However, we know RGX management has been working hard as they already indicated Q2 2012 production via interviews already. Thus, things are really positive. Anyway, as 2011 is approaching, we should expect explosive news, such as 43-101, will be coming, and should drive the stock much higher. Even with 60M tons of resources, it will be more than $48B metal value in the ground, just assuming 1% of metal value (too conservative as RGX will produce in Q2 2012, and the metallurgy as according to PRs released earlier as "exceeded expectation" and high purity), the stock should be north of $2. As TiO2 is expected to go up in price in the next few years due to low investment in Ti mine and exploration. Numerous companies have Ti in their property, but they do not even claim to process TiO2 as they do not have the technology, thus there is a great shortage of TiO2. This bodes very well with RGX, by the time, RGX starts production, each ton will produce more than $1000 per ton, or at least 40% higher than the current estimate.