Argex Titanium Inc. ARGEF

RE: Wonder what it will be?

[morricone]

I wouldn't hold my breath waiting for anything to happen with the iron property. There's no money in that and I don't know why people keep bring it up. The titanium business is taking up everyone's time. Besides we're down to I believe just a little over 6 months cash with a  pile of new bills in the mail to us for that new factory we're leasing, payments to the people doing the BFS, the extra payroll costs from some of the new high paid help, etc. The fact that we haven't gone to the well for more money by now perhaps much indicates that  they expect to do a small financing in the very near future at a much higher price or perhaps get some up front money very soon from someone to help pay to get a start on the first production line once the BFS is out.