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Newlox Gold Ventures Corp C.LUX

Alternate Symbol(s):  NWLXF

Newlox Gold Ventures Corp. is a Canada-based environmental reclamation and mineral recovery company. The Company is engaged in the business of operating tailings remediation and gold recovery facilities in Costa Rica. The Company is focused on developing gold projects through precious metals recovery from mining waste. The Company produces gold through environmental remediation by recovering residual precious metals and contaminants from historical tailings. The reclamation process is designed to provide environmental remediation and gold production. The Company’s wholly owned subsidiary, Oro Roca, S.A., has built an environmental reclamation facility in Central America.


CSE:LUX - Post by User

Post by drunk@noonon Jan 10, 2021 11:07am
299 Views
Post# 32263095

Yeah, I checked it out on sedar. Unfortunatley....

Yeah, I checked it out on sedar. Unfortunatley....I noticed they gave away 5% of the gross revenue on all plants going forward, in a deal to finance the first plant. Hopefully, now that they have the 4 million in the bank,, the blizzard of dilution will cearse. 
Even as such, there is great value here  given the payback on plant and potential growth, The risk here is on execution as they have yet to prove they can produce the number of ozs at the $600  oz they are guiding for. It is certainly worth more DD.
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