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Regenx Tech Corp. C.RGX

Alternate Symbol(s):  RGXTF

Regenx Tech Corp. is a cleantech company. The Company is engaged in the development and commercialization of its processing technologies for the recovery of precious metals. The Company’s initial focus is the extraction of platinum and palladium from diesel catalytic converters. Its technology produces a sustainable PGM concentrate without the need for smelting or mining. It provides an alternative from environmentally harsh smelters to modern technology to recover precious metals. Its products are used in various industries, including electronics, medical, transportation, emissions, jewelry, and pharmaceuticals. The Company’s subsidiaries include Mineworx Technologies Inc., Regenx USA Inc., MWX Espana, S.A.U., and Iron Bull Mining Inc.


CSE:RGX - Post by User

Comment by AlfTanneron Dec 27, 2023 2:51pm
159 Views
Post# 35801550

RE:RE:RE:$0.05 PP upsets you?

RE:RE:RE:$0.05 PP upsets you?The complete factory (4 modules) is supposed to produce 70k ounces of platinum per year or 192 ounces per day assuming 365 days.  The input is supposed to be 10 tonne/day.  So the "grade" would be 19 ounces/tonne.
1000 pounds per day is about .45 tonnes per day x 19 = 8.6 ounces per day.
The current price of platinum is around $1000, but let's say the powder is worth $950.  $950 x 8.6 = $8200 per day.
Assuming a 5 day week, that is sales of $41k per week, $164k per month, or $492k per quarter.

As for costs, Regenx is losing about $2M per quarter due to overhead.  I would estimate the cost of acquiring catalytic converters and the cost of chemicals for processing to be about half the sales price of $492k per quarter, or $246k.

So my guess is that 1000 pounds per day would cut the losses from $2M per quarter to $1.75M per quarter.

If the module could produce the full 2.5 tonnes per day, that would increase the sales by 5.5 times.  That would increase the sales to $2.73M.  Again assuming half of that would be operating costs, that would be operating profit of $1.37M.  With the overhead of $2M per quarter, that would result in a quarterly loss of $.63M.

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