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Nickelex Resource Corp V.NICK

Alternate Symbol(s):  NKLXF

Nickelex Resource Corporation is engaged in the acquisition, exploration, and development of natural resource properties. Its operations include Swift Katie gold/copper property and Thompson, Manitoba nickel properties, and Pilar Gold Inc. and Laiva Gold Inc. The Swift Katie gold/copper property near Salmo, British Columbia is an area that has historically hosted several important mining districts and is underlain by rocks favourable for the discovery of both copper-gold porphyry deposits and high-grade gold quartz veins. 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 four licenses are located 30 kilometers north of the Thompson Nickel Mine and cover an area of approximately 30,283 hectares. Pilar Gold Inc. and Laiva Gold Inc. have operations in Brazil and Finland. Pilar Gold operates the Pilar gold mine in Brazil. Laiva Gold owns the Laiva gold mine and mill in Finland.


TSXV:NICK - Post by User

Bullboard Posts
Comment by mferguson71on Oct 22, 2020 11:50pm
78 Views
Post# 31769850

RE:RE:RE:1,000 ounces a month in a very short period of time

RE:RE:RE:1,000 ounces a month in a very short period of time No to be the bearer of bad news or a debbie downer....but there will likely be more dilution in q1 or q2 of 2021. Cash generated will be used for paying off the two properties but will budgets of $400,000 of drilling at Los Reyes, $500,000 for Swift-Katie and then funds needed to advance livramento and Lima whether it's on increasing milling capacity, or drilling on expanding resources. I hope management can hold off long enough to see share appreciation from the gold production or even looking at debt instead of shares. Depends on futures plans but my guess is a company would look at increasing production as quickly as they could. Agree on bright upside potential though dont get me wrong. Just dont forget some of the steps to get there. Each year warrants to management as well which hopefully is well deserved.
Bullboard Posts