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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 defcon1on Oct 30, 2020 2:08pm
109 Views
Post# 31814037

RE:Management

RE:ManagementMaybe they are tapped out from carrying the company so long. Looking at the last financials, they are owed a lot of money.

My concern is that they still have not completed the purchase of the Brazilian sub yet unless I am missing something. Last update was waiting for regulatory approval. How is the $.1 financing going and when is the next payment due for Livramento?

Some thoughts on share price:

US election / COVID uncertainty
Early tax loss selling
PO'd shareholders from one of the last financings that got rolled back 10:1 even before the four month hold was over 
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