GREY:ARGEF - Post by User
Comment by
canada7on Jul 27, 2011 1:08pm
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Post# 18878891
RE: Drilling
RE: Drilling
We have people here want RGX take over in 6 to 12 months..... This will not be possible with 44 M tonnes without further drilling or update of 43-101, or both.
If nothing else, high tonnage is for MARKETING. People want RGX management actively marketing, but on what ground they can do marketing? Metallurgy and production yes, but not with 44M tonnage.
How can the new management marketing "taking over" to potential clients if RGX has the following facts:
1) #3 from the bottom in terms of vanadium resources in the community of vanadium companies,
2) Last one in the community of 4 TiO2 companies with respect to tonnage as well as total TiO2, and
3) Last in the community of iron companies with 43-101 resources. The iron companies go by billions, people will not consider 44M tonnes of iron.
4) 43-101 with 40% cut iron grade (not iron oxide) for a TiO2 deposit. Did any one tell Met-chem that the iron is the primary mineral thus iron is used for cutofft? Some serious mistakes were made in 43-101......
Compare the above "selling points" with the following selling points:
1) Low cost metallurgy process with high recovery rate;
2) High purity output with high quality products;
3) Continuous process demonstrated in the miniplant;
4) Pilot production in 15 months.
5) Scalable production