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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 seekandfindon Sep 12, 2015 1:53pm
162 Views
Post# 24099014

Time to get going

Time to get goingI agree that the potential here is large. We all know the positives. Theyve confirmed there are diamonds there. Geologically we are a skip away from a very profitable mine. The owners have some of their own deep pockets, have made some huge profits in the past and seem to be very comitied to this company. It's personal. We also know the obstacles. We need more bulk samples to confirm value and we need that peace pipe smoked. We got the permits which is a start, but the other obstacles and the length of time it's taken, the fn objection was in 2007, have us sitting solidly at  nickel. I was in quite a while ago but was out at 20c. No great insight needed the money. Fortunate to be back in large at this price. In a way I can't object, if the obstacles weren't there the price would be higher and cost more. Right now is still high risk but the risk reward looks amazing to  me. I own gold corp, but besides that fipke cos are the only ones I'm in.  I follow xon and syn in bio for same reason I like to follow rich guys who  made their money in the field cos are in. But have to say ....
would be nice for this to get going!
Bullboard Posts