Argex Titanium Inc. ARGEF

RE: Karlito

[canada7]

I do NOT have a crystal ball of stock price. But I think there is a good chance RGX will be over $2. When? I do not know, maybe next week, maybe next month, or maybe 2 months later. But we are almost certain 1) resource estimate will be good, over 60M tons (from my speculation); 2) metallurgy will be good (as the management said that it exceeded the expectation, and also the purity will be VERY HIGH, stated by the management, 3) mini plant very soon (hopefully before July 2011), 4) production in Q2 2012. 
Market value at Q2 2012 time for RGX should be $12 if the market gives the same valuation to RGX as it gives to KRO. Of course, this assumes that RGX will be still independent at that time. It is possible that RGX will be bought out before that time, after a bidding war from majors. Most likely majors will not buy RGX until they see the production is in place. They want to wait when they are sure RGX will not fail them before they make a move . So, I think most likely buyout time will be Q3 to Q4 of 2012. Buyout price? Take your pick, it will not be low, and it need to pay say 25% to 30% premium of the market price.