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Metalex Ventures Ltd V.MTX

Alternate Symbol(s):  MXTLF

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec for the exploration of diamonds and owns 100% of the non-diamond project. It also has a 100% interest in certain mineral claims in the James Bay Lowlands area of Northern Ontario. It has a 70% interest in the Viljoenshof Diamond Project in South Africa.


TSXV:MTX - Post by User

Bullboard Posts
Post by sumeti_not_comon Oct 26, 2006 12:14pm
196 Views
Post# 11561045

(((Free)))) advice for MTX management

(((Free)))) advice for MTX managementfollow Jim Sinclairs ( Tann Range Exploration TNX TRE) model of how an exploration company should be run and you'll see returns on your investment that would bring in investors outside of Canada. Chuck is much wealthier than Mr. SInclair and could easily do the same type of financing that JS does instead of stuffing pockets of the Toronto PP pushers. The returns that JS has received from his investments in his own company gotta be 1000's of times better than anything CF is receiving. I'd say Mr. SIncliar would even talk to CF @ no charge and you certainly can't argue with the TNX share price over the last couple of years vs MTX. AS a shareholder of MTX I'm disappointed because of the mismanagement of the summer drill program at Kyle.........should have been completed PERIOD. Scrap this Morroco & ANgola chit until a later date and concentrate on the North American projects (especially Greenland) as the program management of MTX is lacking severely.
Bullboard Posts