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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

Nickelex Resource Corp > Update from Livramento.
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Comment by MacRellenon Jan 29, 2021 5:53am
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Post# 32417857

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Update from Livramento.

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Update from Livramento. However, ggrellette, I do agree with you that this is a high risk stock, and that it resembles many OTC stocks in that way. And I believe that is why Waterhouse requires trading by phone, in an attempt to (appear to) protect their customers. I don't believe they should, though.

Valterra is trying to produce without any feasibility study or even a resource estimate, at least not that I have seen. Neither have I seen any guidance as to how much they expect to produce. That is not a recipe for success. I have still made the decision that I believe the risk/reward here is good enough to put some money into this, partly due to the videos posted on this board. Fingers crossed.
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