Argex Titanium Inc. ARGEF

Another company with triple digit IRR

[canada7]

See: Fire River Gold (FAU)
Its IRR is even bigger than RGX's IRR, however, the total resource is more limited. They have 2 years of resources only, but claim that they can replace those resources each year by exploration while mining. The mine will start this year. Note that their IRR is more than 500%, many companies that I know have only 30% IRR.  FAU will be able torecover all of their cost within 3 months of mining! Thus, each year, they have 9 months of pure profit, and 12 months of pure profit starting next year. I also own FAU by the way. FAU will start mining this year.
For some reasons, the Stockhouse thought the link contains profane words. So I cannot post the link. Just search on the FAU, and a report just released that its IRR is more than 500%
RGX' s IRR will not be that high, but high enough to beat most other companies. but  RGX resources will be more than enough for 20 years of commercial production and supplying 1/3 of world TiO2 at high purity and also a lowest cost producer. For example, if they spent $150M (increased from $100M) on the pilot plant, they will be making just pure profit of $120M starting the next years for 20+ years, and they will be able to enter commercial production without raising any money if they want to do it slowly as the money generated from pilot production can raise enough money for the commercial plant construction.