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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

Comment by mferguson71on Dec 08, 2020 2:41pm
72 Views
Post# 32059638

RE:Only if they were listed on the TSX-V.....

RE:Only if they were listed on the TSX-V.....That's the pro's and cons in all markets though. Look at Lumber futures as an example, an incredible run but volatily is there as it is thinly traded market. Palladium is another example. Stocks will all have challenges too, on volume. But at the same time, having more liquidity can also be a bad thing. Look at what Jaguar Mining has recently gone through. The number of shares they had issued just to go back and do a reverse stock split so the stock is tougher to manipulate. Silver futures prices compared to the physical market is another example with manipulation but yet, alot of investors are willing to invest into silver companies that rely on those prices for sales of their product. 

If it is on the grey market I do hope a long term goal of management is to get the company onto the proper exchanges as well as graduating it to a few others such as the NYSE and TSX. They need properties and new buyers in order to meet certain requirements. What response have you gotten ggrellette from the company on this issue? I'd be interested in learning more.
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