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Investors are almost always on the lookout for innovative and disruptive companies which may have considerable growth potential. One such company is RegenX Tech Corp (TSX.V: RGX) (OTCQB:RGXTF), which is involved in providing environmentally friendly extraction technologies to mining companies.
Not too long ago the company’s Chief Executive Officer Greg Pendura had gone on an interview and provided a lowdown about the sort of growth that the company was expecting. Pendura stated that he believed that if the company was able to execute its growth plan well over the course of the next three to four years, then the market capitalization of RegenX would go from C$30 million to more than C$1 billion.
At the time it was also announced that the company had also commissioned the first module of its four module plant located in Tennessee. Additionally, it was further stated at the time that commercial production from the plant would commence in 90 days. It was the first of at least four plants that the company hopes to build across the United States.
The company claimed that each of those plants would generate revenues to the tune of $15 million a year. Since it is a clean technology company RegenX could also expect to have a cash flow multiple of as much as 15x. As a matter of fact, there are some clean technology companies with market caps in excess of $1 billion which had managed to get cash flow multiples of 60x.
The company has come up with its own proprietary technology which it is going to deploy at its plant in Tennessee for the purpose of recovering palladium and platinum from diesel CCs. Smelting has been the traditional method of recovery in such cases but it not only has a limited capacity but also causes harm to the environment.