Hmm... Ok let's see now. Here are three announcements from ARGEX Management.

1. "..Argex has hired metallurgists to develop a proprietary technology..."

2. "...Argex Silver Capital Inc. is building a pilot small-scale processing facility in a step to commercialize its proprietary metallurgical process (for extracting titanium, vanadium, iron) and is taking steps towards commercializing this process..."

3. "...experts in the field describe the metallurgical process as a break-through on par to what heap leaching did for gold and management of Argex believe the process will result in Argex being the lowest cost titanium and vanadium producer in the world. The next step is two-fold; 1) to showcase the technology in a small-scale processing facility which Argex is expected to complete later this year (2010) and 2) ready the deposit for open pit mining.

Develop a process and Build a pilot scale facility and Commercialize the technology, All At The Same Time?!

This is NOT good. I really expected better from this stock.