Argex Titanium Inc. ARGEF

Did any one read the agreement carefully?

[canada7]

It said that it will have an exclusive agreement with RGX in Quebec, non-exclusive otherwise. What are the implications of this? This is related to those companies that have TiO2 in Quebec, and unless they have their metallurgy from the ore to high-purity pigment, they are forced to sell at the feeder price, rather than at pigment price. Remember that this is a game changer, and as today none of TiO2 companies in Quebec has this technology..... Those companies have several alternatives: 1) focus on vanadium, and sell their TiO2 at feeder price; 2) focus on iron, and sell their TiO2 at feeder price; 3) develop their own metallurgy, but so far none have been successful from converting the ore to pigment grade yet.. They can certainly get to TiO2 concentrate, but they are NOT pigment grade. They need at least 12 more months to get their process right. 4) JV with Argex to get their TiO2 pigment, and both CTL and RGX get a cut. The feeder price is about 1/3 of pigment price, so their margin will be much lower, so their stock valuation will be much lower than RGX. They may be better off to JV with RGX.... If so, think about the money that can be made by RGX and CTL. Today is a milestone day for RGX as it is now a TECHNOLOGY company with a enviable position. RGX is similar to a chemical company that owns a resource company, and you can find the valuation for that chemical company.