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.

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Nickelex Resource Corp > Tax loss and Cannacord sellers finished - 15 cents next stop

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Comment by Goldenhopeon Dec 31, 2020 12:42am

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Post# 32201467

RE:RE:RE:RE:Tax loss and Cannacord sellers finished - 15 cents next stop

thats one way of doing it baystock

i think the preferred approach is to use livramento to fund the lot without the need for any more CR

Livramento is a cash cow and will pay for itself and the explorattion of swiftkatie and los Reye

dont be mistaken
they have the keys to livramento and the wheels are a turnin as we speak
gold pour coming up and Lima prospect is also on the books and just down the road and probaly even higher grade

Swift katie and los reye can be proved up to realize their value and the whole shebang sold at a hansome price in a few years time

larry is busting to drill the canadian gold and particularly the mexican copper/gold/silver....oops i did it again
i keep mentioning silver when i must be thinking of the other los reye [look at what Mithril have just annouced ;) ]

baystock1 wrote:

locomoco wrote: If VQA can pull off producing 1000 ounces gold per month at Livramento in Brazil, VQA shareprice should be closer to $2 by end of 2021. Then they can spend the proceeds to do more exploring on Swift Katie and Los Reye and get Lima project off the ground as well. I heard Swift Katie should be worth at least $12M making VQA extremely undervalued at this point.

VQA should sell Swift Katie off in order to minimize further share dilution to fund their Brazilian growth plans. There has already been a huge amount of share dilution at very low share prices. They still owe around US$3.5 million to complete the Livramento purchase and the sales proceeds from Swift Katie could pay this all off with some left over to help fund their production ramp up in Brazil.