Topic: How To Invest

Hello Pat. I just joined your Inner Circle, and I am amazed by the amount of detail in your remarks. I would like to know your opinion on Argex Titanium.

Article Excerpt

Argex Titanium, $1.33, symbol RGX on Toronto (Shares outstanding: 98.2 million; Market cap: $130.6 million; www.argex.ca), aims to soon begin production of titanium dioxide using a proprietary process that the company believes will produce extremely pure titanium dioxide from mined ore. This process is now running at its pilot plant in Mississauga, Ontario. Argex also owns 100% of the La Blache and Lac Brule titanium properties in Quebec. In addition, the company owns 100% of the Mouchalagane iron ore property in Newfoundland and Labrador. Titanium dioxide is widely used as white pigment, because of its brightness. It has a range of applications, from paint to sunscreen to food colouring. The company holds cash of $6.8 million, and that’s a plus. But it still needs to succeed at starting up its mine, in addition to implementing its technology, which is still unproven on a large scale. We don’t recommend Argex. Argex…