GREY:ARGEF - Post by User
Comment by
canada7on May 21, 2011 10:32am
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Post# 18610605
RE: RE: RE: Holding with confidence
RE: RE: RE: Holding with confidence
I just did another DD on one company that I owned for 3 years before: LBE. It went from $.10 or so to $4 in about 2 years, and during the economic crisis, it collapsed, and it has not recovered yet. Dr. Gary Nash, who used to be the CEO of LBE also resigned. He was a good CEO but he became aggressive when the things turned south. Sorry to see him go.
Anyway, how much resource did LBE have from $.10 to $4, or about 4000% up? Right now, it had 3M tonnes at about 2+% nickel (it had less at that time). and about 2/3 of metal value per ton of RGX, and it has less than 10% of resources. If LBE can go from $.10 to $4 on less than 10% of resources and about 60% of the grade, I guess that RGX will also make 4000% move too from say $.25.
So 44M tonnes at 18% of TiO2 is great enough.