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TGX Energy & Resources Inc V.TGX

Alternate Symbol(s):  TNGMF

TGX Energy & Resources Inc., formerly True North Gems Inc., is engaged in the exploration and evaluation of natural resource properties in Canada. Its properties include True Blue, Cobalt Hill, Chuchinka rare earth element (REE), Decelles and The Nabikok. The True Blue Property comprises around 303 claims located 55 kilometers (km) south of Ross River, Yukon. The Cobalt Hill Property, a base and precious metal prospect, is located five km east of Castlegar in southeastern British Columbia (BC), covering an area of over 562.5186 hectares (ha). The Chuchinka REE property is a grassroots REE exploration prospect covering an area of over 562 ha, which is located four km north of the Defense Metals Corp. REE discovery known as the Wicheeda rare earth element deposit, in BC. The Decelles property consists of around 215 claims. Nabikok Property is an early-stage lithium-bearing spodumene pegmatite prospect comprised of 155 exploration claims, located in the eastern region of the Abitibi Belt.


TSXV:TGX - Post by User

Bullboard Posts
Comment by BeerGeekon Jul 07, 2016 8:40pm
128 Views
Post# 25033813

RE:RE:Silence is the worst...

RE:RE:Silence is the worst...1 works in accounting with some mining companies. Not TGX specifically, but they looked at what is available, and said it looks pretty legit. This silence is totally normal with a due diligence, and can go on for months. They also said that no news right now is good news. A fast transaction is rarely a positive sign, because it either means the investor/buyer is investing with little knowledge, or that they are backing out because there is cause for alarm. It looks like we are in neither position, so... it's a good sign. 

The other is a senior geologist, and was more than excited to state that the numbers of what TGX has in the ground, and how much it costs to take out are very profitable. It's a no brainer with the quality of the stones, and is mostly just a waiting game. Many geologists have been out of work the last few years, because the market has been so tough. The fact that TGX is still ticking is a pretty large feat. Now that they're looking for some extra cash to get a kick start is completely normal in an average market, let alone a depressed one. The next year will be a slow start, but a strong one once all of the parts get moving.

More opinions to come... 

Bullboard Posts