GREY:ARGEF - Post by User
Comment by
canada7on Feb 02, 2011 3:16am
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Post# 18060035
Just for comparison
Just for comparison
When I looked at the RGX forum website at Stockhouse, there is an advertisement for XTG (Xtra-Gold), just take a look of the size and grade of their gold as advertised.
58 meters of 2.46 g/t, including 28 meters of 3.67 g/t. So, if that is a fantastic grade for XTG. What do you think of RGX? It hit 190 meters of 17 g/t gold equivalent.
Just compare the numbers carefully, the length is more than 3 times, and the grade is more than 5 times, the economic value is more than 15 times!
If XTG celebrates 58 meters of 2.46 g/t (each ton of ore has metal value about $97), RGX shareholder should shout for joy as it hit jackpots over and over again in 2010 when they announced the drill results.
I have used $200 per ton for metallurgy cost as the worst case scenario and XTG's ore ($97)cannot even pay for $200 metallurgy thus you can see how conservative the estimate is.
Even if TiO2 price droped 50%, RGX will be still profitable, even with $200 per ton metallurgy cost. If TiO2 price is cut by 50%, almost all TiO2 companies in the world will cease production.