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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

Comment by mferguson71on Feb 13, 2021 8:21pm
111 Views
Post# 32563378

RE:RE:Update from Livramento.

RE:RE:Update from Livramento. In my eyes some news would be nice. But it won't change my view on the company. As long as the mill is running I trust the team that gold is being produced. How much is the next question. But once you take a month or two of production and blend it with the other 10 months it doesnt make a big impact. It may give is better educational guesses on estimated production for the year but that is about it. I hope management looks at any free cash flow that is leftover and putting it towards expansion of properties in that area. Year 2 have free cash flow put into maximizing milling efficiency and and continue to pay down debt. Year 3 Use cash flow to move Los Reyes forward with an aggressive drill program if something isnt done with that and swift katie property.
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