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Metalex Ventures Ltd V.MTX

Alternate Symbol(s):  MXTLF

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec for the exploration of diamonds and owns 100% of the non-diamond project. It also has a 100% interest in certain mineral claims in the James Bay Lowlands area of Northern Ontario. It has a 70% interest in the Viljoenshof Diamond Project in South Africa.


TSXV:MTX - Post by User

Post by Oregonduckon Jan 28, 2023 6:32pm
260 Views
Post# 35252268

Mildly Optimistic

Mildly Optimistic

I don't like the taste of Koolaid and not a Fipke groupie. He hasn't done anything since Ekati, blowing $100 million over the course of 2 decades on diamond projects from Angola, Greenland, etc, to U2. 

Although the Que claims are intriguing, the Scandium global market at about USD$80 million is very small.  The project, though,has some sex appeal for promotion. However, should Chuck find a shitload of gold in Que, it will really propel the stock skyward. Also, Chuck needs to send Chad who carries his water to SA to kick start the diamond project. Chad earns a 6-figure remuneration plus huge number of options at $1.00 in CD that he blew away at $6.00.

The reason I am mildly optimistic with MTX is because Chuck has surreptitiously claimed more grounds in Que. There must be something there.

 

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