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Bullboard - Stock Discussion Forum 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... see more

TSXV:NICK - Post Discussion

Nickelex Resource Corp > Livramento plant overview.
View:
Post by OldGold on Dec 08, 2020 6:31am

Livramento plant overview.

Richard gives us a run down on the plant, and a video of a truck being loaded further demonstrating just how easy the digging is. The digger in the video is the same machine that had the noisy pin a few weeks back, sound as it should now. At the end is a slide showing the location of the vein and the results of a ten-kilo sample taken from it. If you look to the opposite side of the plant as the ball mill, you can see where the other ball mill will be installed when time permits, this will increase the throughput of the plant, aiming at sixty tons an hour I think, but let us see what is in the next update. Very nice-looking pan, we must be getting close to the first gold pour I would think. I hope we know something before Christmas.

Comment by Goldenhope on Dec 08, 2020 12:07pm
It's all up and running !!! mite really good to get such direct information the grade from that 10kg sample looks impressive  How many g/ ton ?  60ton an hour  is that 10 hrs a day ? thats 3000. Ton a 5 day week Wow its exciting to wait for the first pour to get my head around this nut I can't see it being 7.5  ents with such low mc for long    ...more  
Comment by mferguson71 on Dec 08, 2020 12:35pm
One thing we will need is new buyers or renewed buying interest. Right now we are seeing sellers continue to pop up, but I think the only ones I can see selling now are for the following reason: 1. Tax loss selling 2. Sellers the last 2 months who had shares at $0.05 and are taking the profit and participating again in the recent pp at $.075 cents. Wouldn't make much sense to sell at any ...more  
Comment by Goldenhope on Dec 08, 2020 1:20pm
I think some from the earlier pp are happy with 50% !!! and maybe as you say back in at 7.5 and also I agree not a huge knowledge about this one by the retail investors but maybe that's how those who understand this want it for now    ive bought some because I can't see it below 7.5 after the first pour and then we'll have a much better idea of the potential  ...more  
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