Comparables – Undiluted TiO2 Resources
TSX-V RGX:
CAPITALIZATION
• 88,725,304 Outstanding Shares (basic)
• 23,320,777 Escrowed Shares
• 65,404,527 Free-trading Shares
• 4,837,500 Options
• 47,521,846 Warrants
• 3,460,020 Broker Warrants
• 144,544,670 Outstanding Shares (fully diluted)
vMarket Cap: $55.1 mil
Share Price: $.62
TSX-V FNC:
CAPITALIZATION
• 74,680,000 Outstanding Shares (basic)
• 95,950,000 Outstanding Shares (fully diluted)
vMarket Cap: $18 mil
Share Price: $.24
FNC holds 9,000,000 shares of RGX.
2% NSR on the La Blache Deposit for the first 2 years of production rising to 4% NSR thereafter, buyback up to 50% NSR for $1.5 M advance royalty of $100,000 a year beginning at the end of year 3 (October 30th 2012).
Comparables – Undiluted TiO2 Resources
|
TSX-V :Company
|
Shares Outstanding (millions)
|
Share Price (CAN $)
|
Market Cap ($CAN) (millions)
|
Resource/Reserve tonnes
|
Ore Grade TiO2
|
Undiluted TiO2 resources (tonnes)
|
Kg of TiO2 resource per share
|
|
ILUKA RESOURCES LIMITED (ASX:ILU)
|
419
|
18.02
|
7,545
|
333,800,000
|
6.00%
|
20,030,000
|
48 kg / sh
|
|
KENMARE RESOURCES PLC (LSE:KMR)
|
2,403
|
0.91
|
2,187
|
8,325,000,000
|
1.19%
|
99,070,000
|
41 kg / sh
|
|
SIERRA RUTILE LIMITED (LSE:SRX)
|
386
|
0.31
|
120
|
604,900,000
|
1.35%
|
8,170,000
|
22 kg / sh
|
|
ARGEX MINING INC. (TSX.V:RGX)
|
89
|
0.62
|
55.18
|
30,888,000
|
18.78%
|
5,800,000
|
65 kg / sh
|
|
Fancamp
(TSX V:FNC)
|
75
|
0.24
|
18
|
201,000,000
(Magpie Only a portion (section 14-20) of Magpie Deposit #2 of #1-4 )
|
10.6%
|
21,306,000
|
284 kg /sh
|
