GREY:ARGEF - Post by User
Comment by
canada7on Jun 12, 2011 12:13pm
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Post# 18704271
RE: Restricted Shares
RE: Restricted SharesWolfin:
Great. If what you said is true, Michael may be penny wise, but pound foolish. Saving 8M shares, but costing RGX stock trading at
.50 where it should be trading at $2 by using a high cut off of 40%. Every resource company that I know uses a low (like 10% iron), or even extremely low (like 0.1 g/t gold), cut off to maximize their resource, but RGX uses high cut off to minimize its resources. Is it odd? Is it penny wise but pound foolish?
Thus, I have openly requested 43-101 to be re-done. If more than 60 M tonnes are identified, people will have a rather different perspective. It is a world-class project, not a medium project.