Who will profit when the chomite deposit comes to production?

- Fancamp in the form of a Gross Metal Royalty ( 2 to 4%) and other Payments.

- Bold Ventures with a 20% interest in the Black Horse claims

- KWG with 80 % of Bold's interest in the Fancamp Option.

The Black Horse

In 2010, Fancamp Exploration intercepted 210 metres of high grade chromite (43.5% Cr2O3) in between downhole depths of 800 and 1010 metres, followed by an intercept in a second hole from 711 to 819.4 metres downhole. These two intercepts, supplemented by a chromite intercept at downhole depths from 712.7 to 726.15 metres in a hole jointly drilled by Noront and Fancamp in 2008, demonstrate that a significant chromite deposit exist at depths below 500 metres, and remains to be delineated by drilling at shallower depths. A model was created that projects this deposit up-dip, which intersects surface coincident with a gravity anomaly that is the same gravity anomaly that contains Noronts Blackbird deposit 500 metres to the west. A drilling program that will trace this chromite deposit towards surface will be conducted in 2013.

Bold recently concluded a four-stage option to acquire the Black Horse claims from Fancamp Exploration Ltd., subject to Fancamp retaining a price-variable gross metal royalty (the “Fancamp Option”). Under the terms of an agreement now concluded between KWG and Bold Ventures, KWG can acquire up to 80% of Bold’s interest in the Fancamp Option by funding 100% of Bold’s earn-in expenditures and option payments. The current program has budgeted $2 million to drill the chromite horizon. An additional $1 million has been budgeted to drill nickel targets.

http://www.marketwire.com/press-release/probe-mines-continues-define-high-grade-gold-zone-on-its-borden-gold-project-ontario-tsx-venture-prb-1820702.htm

http://www.newswire.ca/en/story/1142777/argex-selects-valleyfield-as-the-site-for-its-first-tio2-production-plant

And again Peter Smith is the only insider selling RGX-shares .

No wonder.....Argex closed at 1,40. And this is just the start. Fancamp-shareprice will rise thanks to Argex's development to a producer from TiO2 based on a new low cost productionproces. Argex has allready a relationship with a large US company named PPG (Pittsburgh Paint; the second largest paint company of the world). I think PPG will try to take over Argex after they released their FS within some month. I hope that by that time other companies like Akzo, Dupont, Huntsman, Illuka and the rest will be awake and prepared to engage in a bidding war. That would be a fantastic endgame for the Argex-shareholders and for Fancamp.

Balance,

I agree with you. People who want to sell RGX-shares should do some DD before on Argex.

Don't sell the chicken with the golden eggs. Once Argex scales up their innovative and low-cost CTL-process and produce Titanium dioxide the profit will be hugh, and the company will be a take-over target for the big boys like PPG.