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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

Post by mferguson71on Mar 02, 2021 11:51am
121 Views
Post# 32695169

Comparable Company and Market Cap - APN

Comparable Company and Market Cap - APNAltiplano is a company that produced $580,000 revenue from Copper in Q4. 

https://themarketherald.ca/altiplano-announces-milestone-q4-2020-production-2021-02-01/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cquote_tab

This would be equivalent to 341 ounces of gold at $1700. This would be about 115 ounces per month. With targets of 1000 ounces per month longer term, I would think 200 ounces per month with the current mill in place is very realistic for the bulk sampling program. 

The market cap of APN is just over 31 million compared to VQA of 5 million. Share structure is very similar in numbers (not drastically different) 

I see more potential in the upside of VQA in the next 12 months than APN when initially looking at APN. 

Do your own due dilligence. Glad to see some people think it is a waste of time. 

One of my favourtie quotes is you never want to see anything go up until you are done accumulating. I continue to accumulate in my opinion cheap shares. 
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