Akto,

Nice catch!

Yup, we don't seem to be participating in any RGX up-trend despite our 9M shares of RGX (over 8% of their OS and this is a major holding where we can see marketable cash in the near future if we ever need it).

You said, may be RGX can help: Sure, they can have a JV with us for some tailings at Magpie, assuming that FNC just filter out the Fe and just dump the rest, Ti and all, to the tailings for further processing by RGX?

BTW, where would RGX plan to get the ilmenite tailings, presumably cheap and $1000/ton quoted is mainly for the processing cost using their proprietary processing technology?

My first guess would be somewhere nearby in Quebec (some iron ore tailings?). Anyone? One option would be to locate the TiO2 processing facility near Lac Brule (assuming this will be mined first) and the locations where they can get the ilmenite tailings. Or, just build the facility at some convenient spot and truck/train the tailings to it.

Just my speculation.

goldhunter