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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

Comment by WealthBuilder99on Jun 07, 2021 10:01am
112 Views
Post# 33339447

RE:RE:Come on guys, Time to sell out, Plz...

RE:RE:Come on guys, Time to sell out, Plz...Hi,

How are you coming up with those timelines? Facility 2 is to be complete around end of June/beginning of July - but won't start producing gold until October?
And where did you get the info of facility 1 being at 80% by the end of June?

jammingthepipeline wrote: Jay Banks, that is a excellent summery. I was lucky to have discovered this company at 0.07 cents and bought a big load. The future looks very bright.
1). Before end of June we will hear from facitity 3.  It will be in another country than Costa Rica and the announcement will move the SP.  Probably  there will be another big name attached to this announcement. I hope so.
2) Facilty 2 will start to produce gold in October.
3) Facilty 1 will be running at 80% end of June.

so yes, delayes are part of this business since the technology is new. Facilty 1 moved from very beginning Q2 to beginning Q3 to full capacity. I will be happy with 80%. I think they learned from their mistakes so perhaps facilty 2 will reach full capacity beginning 2022.
And I think facilty 3 and 4 will be huge.
I see the sp reaching 2.50 - 3.00$ end of next year if.......gold price stays above 1600 US$
Goodluck to you and thanks for posting.

Jamming



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