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Nickelex Resource Corp NKLXF


Primary Symbol: V.NICK

Nickelex Resource Corporation, formerly Valterra Resource Corporation, is a Canada-based resource group company. It is engaged in providing exploration, administration, and corporate development services for its operations. Its operations include Swift Katie gold/copper property and Thompson, Manitoba nickel properties. Its 100%-owned porphyry/shear-hosted Cu-Au-Ag Swift Katie property is located approximately seven kilometers (km) south-west (SW) of the village of Salmo, British Columbia (BC). The property consists of over 19 contiguous MTO mineral claims, which covers an area of approximately 83 square km. It has an option to earn up to an 80% interest in the Moak North and Wilson Mineral Exploration Licenses in the Thompson Nickel Belt (TNB), Manitoba (the licenses). The four licenses are located 30 km north of the Thompson Nickel Mine and cover an area of approximately 30,283 hectares. The Company, through Pilar Gold Inc. and Laiva Gold Inc., has operations in Brazil and Finland.


TSXV:NICK - Post by User

Comment by Scorpio2on Oct 22, 2020 5:31pm
68 Views
Post# 31768660

RE:RE:1,000 ounces a month in a very short period of time

RE:RE:1,000 ounces a month in a very short period of time On a second take, I realized that the production numbers I quoted for Northern Vertex were quarterly numbers, that I thought were annual numbers, so over the last four quarters NEE's gold production was actually 33,441 ozs, not 14,763 ozs as I stated. So a revised market cap for Valterra (one year out) should be approx $132 mm X 12,000/33,441 = $47 mm. So if we move from a current market cap of $3.2 mm to $47 mm that's still an increase of about 15 times. So  the share price should get to $0.085 X 15 = $1.27 within a year based on comparables and that's excluding the impact of future growth, acquisitions, higher gold prices or better grades than 1g/tonne . Still a great deal for 15+ times upside.  I'm prepared to wait. 
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