GREY:ARGEF - Post by User
Post by
canada7on Jul 07, 2011 2:16am
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Post# 18804663
VHI and KRO New Highs today
VHI and KRO New Highs todaySo what about these stock prices? They are TiO2 stocks, and they have JUMPED to NEW HIGH again and again. RGX will join them soon. KRO annual revenue is $1.5B US (with $3.9B market cap), and this is less than the expected revenue from commercial production of 3M tonnes per year, assuming only $700 per tonne value (is it possible that RGX will get the same market cap? That means $19 per share). It looks like the market is expecting TiO2 will jump in big way. Thus, whoever said that many TiO2 will be online are simply wrong!!!!! KRO, VHI stock price performance say that they are wrong. The market is saying each tonnes of TiO2 may be selling $5000 may be 2 years later, at that time, each tonne of RGX ore will be more than $1000 US per tonne.