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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 kakundaon Mar 17, 2011 6:12am
462 Views
Post# 18297360

diamond juniors

diamond juniorswe are all aware of the turmoil in the middle east and the cost of oil averaging at 100 dollars a barrel.lt appears that will be here to stay and the possibility of 125 dollar oil in the next two years is not far fetched.My point is that when the present diamond mines that were built many years ago in the arctic ,the oil price was 20   dollars a barrel.The operating costs of these places are huge since they burn fuel 24-7 to produce hydro and run the plants ect.l am not certain as to the percentage cost of the fuel at these places ,but seeing it has gone up five time and will continue north ,it could put a real damper on any remote properties to be developed that rely 100 percent on fuel to sustain them.l would be glad to here others opinions on this.HOLDING LONG THE KAKUNDA
Bullboard Posts