As an update here -
I have successfully shaved down the transmitter and followed all the steps in the guide posted above and everything checks out!
I now I have a working transmitter! ... now i just have to wait a year until my latest one dies to use this one lol
I know this post is more exciting for me then those reading this, but this thread is to show you that the Dexcom G4 transmitters can be re-used as many times as you'd like, and that the work required is fairly straight forward and easy.
The only tools i used was a cheap Dremel kit i picked up at the hardware store and 2 small drill bits that came with it as well as a smaller flat head screw driver to pry out the batteries and contacts.
Hopefully everyone can save some money! If you have any questions please send me a PM and I will try to help out.