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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

Post by mferguson71on Dec 03, 2020 9:45pm
148 Views
Post# 32034530

Webinar Takeaways

Webinar TakeawaysA few points from the webinar today. Positives Very impressed with Richard and Paulo today on the call. Everytime I hear them talk it gives me more confidence in Brazil operations. When you hear of neighbours producing 5000 ounces a month next door it gives you a goal to reach if we can acquire more properties in the near future. Very intrigued on the description of the Los Reyes property in Mexico that Larry gave as well. Jeremy Gray was very good (minus good old technical issues). He gave a great background on how they came across the property and their connection to k92 at one time owning 20% of the shares. It was great to hear how VQA had another company come in and Express interest in late 2000s on the property. Hopefully that is a good sign of this to come. Looking to the next 12 months and ramping up gold production. Negatives. Katie Swift seems like a large project that needs significant cash flow for hard rock deep drilling. This continues to be the death of tightly held juniors as far as share structure. I would prefer a JV partner to put up the capital and earn a large percentage of ownership. With VQA able to maintain interest if and when a mine comes true. Being part of a manex group it is tough to see how vqa will grow their properties. It seems as if VQA is the Brazillian company and hopefully this comes true instead of giving new and great projects to other companies. This strategy has always confused me to be honest. Great call. And like Larry said today. I hope we are going to have a good Christmas;)
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