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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 Oregonduckon Jul 21, 2020 11:18am
185 Views
Post# 31296151

Looking for Mr. Goldbar

Looking for Mr. GoldbarPut on some lipstick and rouge to attract financing. The stock could take off.

MTX has marked to market its  shares in the private company (James Bay), and viola!! It now has $2.3 million equity.

The Chief and Lorie each have about 3 million DSU @ 5 cents. They can't cash them unless they died or booted out. There are 6 million o/s options @ weighted av. Costs of 12 cents.

Deferred share units (DSUs) are hypothetical share units that are granted to you based on your position in the company, the length of time you have been employed by the company and/or the company's performance. ... DSUs generally cannot be redeemed until after your retirement, termination of your employment, or death.
Bullboard Posts