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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

Post by SouthernTierTomon Dec 03, 2020 8:48pm
145 Views
Post# 32034279

Having Chief Nolan and Charles Fipke ....

Having Chief Nolan and Charles Fipke ....The property is merely the vehicle.  These two gentlemen won't chose a "cheap ride".  The current value of the stock along with the ridiculous tightness of the 112 M shares makes this an absolutely attractive shell to manage.

Where would you like the price today, tomorrow or in 6 months?

I remember one of the IR peeps here expressing the fact that the 5 cent accumulation was "worthless" ....grin ; - )

Now, the same bullboard IR types express the need to "wait it out", no rush until the nasty consolidation process has been completed...hmmm ; - )

So Sir Charles, one of Canada's richest citizens is about to throw more "good money after bad"...hmmmm2

Yeah, I' ll just stick around and watch for awhile, I've got more than enough....it is starting to get a "little pricey" LOL!

Tom
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