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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 JayBankson Jun 23, 2021 5:57am
181 Views
Post# 33432842

RE:RE:New must be coming...

RE:RE:New must be coming...

I would say with in the next 3-4 weeks we will get confirmation that the Boston Unit is complete and in production...

From there is may take a quarter or 2 to see quality production numbers/income. I don't expect income to cover expenses for a year or so as other units are being constructed and perfected, but it will be nice to see base income statements to give us an idea if they are hitting target projections and working towards positive cashflows.

I seen somewhere that it's said they intend to pay a dividend eventually (if that's true it's like a few years away), don't know if that's a company statement or a website mentioning that in a profile, because I never came across that on the company website or fillings I've noticed, but I could be wrong.

I would expect the higher volume is due to a major investor or fund/s starting to load up knowing the same things we do that the scheduled completion is upcoming.

The mining sector seems full of quality opportunities, it's hard to decide where to go with your money. The majors are showing attractive dividends and growth, I dunno how normal that is as I've never noticed it before when I've scanned, but I'm fairly new to looking at mining operations.

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