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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 Mar 02, 2021 11:51am
98 Views
Post# 32695169

Comparable Company and Market Cap - APN

Comparable Company and Market Cap - APNAltiplano is a company that produced $580,000 revenue from Copper in Q4. 

https://themarketherald.ca/altiplano-announces-milestone-q4-2020-production-2021-02-01/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cquote_tab

This would be equivalent to 341 ounces of gold at $1700. This would be about 115 ounces per month. With targets of 1000 ounces per month longer term, I would think 200 ounces per month with the current mill in place is very realistic for the bulk sampling program. 

The market cap of APN is just over 31 million compared to VQA of 5 million. Share structure is very similar in numbers (not drastically different) 

I see more potential in the upside of VQA in the next 12 months than APN when initially looking at APN. 

Do your own due dilligence. Glad to see some people think it is a waste of time. 

One of my favourtie quotes is you never want to see anything go up until you are done accumulating. I continue to accumulate in my opinion cheap shares. 
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