Argex Titanium Inc. ARGEF

RE:RE:we..

[pleazu69]

joeyxx wrote: no, first they have to finance the first step... don't forget... so, that will be the next milestone...

CEO clearly outlined the milestones

Performance warrants and the milestones management must achieve to earn them: “First of all, for restarting the company, a certain percentage to be given at that time and restarting the lab activities and achieving the requirement for the company to function as a legal entity meeting its obligation. The second milestone would be to achieve the product consistency at the lab scale and get the gross product approved by prospective buyers and thethird one would be to complete the basic engineering package. The fourth one would be to complete the detailed engineering feed package.”

his comments on financing and consolidation

Response to question on possibility of consolidation of shares: “We don’t see any reason for consolidation at this stage … We have done some financial modeling on that and I think when we look at the net present value of the stock right now based on the future earnings, there is a sizable appreciation if it all goes well.”

 

I’d have to say that we are almost 2/3 complete with our technology and we have significant achievement of us satisfying the TSX and getting clearance and approval to continue listing on the TSX exchange. We were able to reduce our payables by 70%, we have reorganized, done our cash flows, budgets, resolved issues with our mining properties and we are now completed a corporate teaser that will go to investors.