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Nickelex Resource Corp V.NICK

Alternate Symbol(s):  NKLXF

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 Scorpio2on Jan 17, 2021 2:41pm
150 Views
Post# 32315860

Question re: Fuel Expense

Question re: Fuel ExpenseI know that years ago, Brazil was able to change over their domestic consumption of gasoline to an ethanol (cane sugar based) product for domestic cars which had a huge impact on their balance of payments in Brazil as they produce a huge amount of cane sugar. Does anyone know if the trucks and machinery run off of more expensive diesel/gas or on a cheaper ethanol based product. I realize that gasoline/diesel is historically cheap right now but even gasoline should start to creep up over the next year or two. Fuel expense is typically the number one line item expense at mines.  
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