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.

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Nickelex Resource Corp

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Post by baystock1on Feb 28, 2021 12:02am

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Post# 32680658

Webinar Q&A

Live webinar Q&A on Thur news and updates: https://om.smatter.com/town-hall-webinar.php?w=7366966913307861006&s=BB

at ~ 45 min mark, Richard crew says there have been delays due to covid, but hope to get to 500 oz/month in 4-5 months time. My takeaway is 500 oz/month by Q3 2021 and 1000 oz/month by Q2 2022.

I have decided to stick with VQA as a long term play until end 2022. It is one of the cheapest near term producers around. They also have good copper exposure that is not priced in. I bought back the shares I previously sold and also added much much more.

Risk is that the delays in becoming cash flow generating will mean that they will need to do another PP at these prices in order to meet the payments due on the Livramento option purchase.

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