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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 mferguson71on Oct 26, 2020 10:24pm
125 Views
Post# 31786336

RE:RE:Nice Sample Result at Lima with News Release this Morning

RE:RE:Nice Sample Result at Lima with News Release this MorningWhere is the PNG that you speak of GoldenEra? I dont have the history on management as much as I should. One thing I keep telling myself is how are we at a 2.5 million market cap with the property alone has a price tag of 4.6 million cad alone. Good call on trucking the product north sir. GoldenEra had this to say a little while ago. MFerguson, Valterra owe BRL18m which is $US3.6m paid over the next 18 months to the seller interest free. On my calc At 800 ounces a month and a cost of as you say $1000/Oz that is a payback of 6-8 months. Could be wrong but Larry The Silver Fox Page looks like he has pulled off a master stroke. VQA is trading at 1x earnings for 2021 on this basis. 20 cents is my near term target which puts them on 2x earnings. Lets see what their other property called Lima has install also. Guessing they will truck Lima feed to Livramento and go to 1200+ ounces a month. With 18 trucks they have optionality. This is why VQA is my biggest position. Goodnight.
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