RE:So we wait a bit more...pennymaker69 wrote:
But the goal the same. Drilling claim block 5 and have a big hit. Anything could happen.
I hope they hit some visible gold in the drill cores.
But there tons of other things they could find. Weather sucks? Fine. it' won't suck forever. should be good to go in April.
I just wonder how many holes will be drilled...
Interesting extract from Will Purcell April 6 2023 Diamond Specialty Mineral Summary.
"Chuck Fipke and Chad Ulansky's Metalex Ventures Ltd. (MTX), unchanged at five cents on 62,000 shares today, has not said a new word about its several diamond project in months -- and in most cases, years.
That is not entirely correct: In its latest quarterly report, Metalex finally acknowledged that its 72-per-cent interest in the Big Red Diamond and Dumont joint venture properties in the Attawapiskat district of Northern Ontario "were allowed to lapse" as they were no longer a focus of the company. It is unclear when the two properties were last a focus -- 20 years ago seems about right -- as while Metalex still doggedly declared the book value of the Attawapiskat play at nearly $9.5-million until the very end, it had spent barely $1-million since 2004 and only about $2,000 over the past decade.
Indeed, even with that nearly $10-million write-off in the most recent quarter, Metalex is still carrying a book value of $64.66-million for its four remaining projects. The bulk of that value -- $47.5-million -- resides at Kyle Lake in Northern Ontario, where the company had lined up everything save drill permits and aboriginal agreement for a 10,000-tonne bulk sample in 2012.
Unfortunately, there still is no agreement with the locals, and by the time the permits arrived in 2015, the company's $50-million backer, Dundee Corp. (DC.A: $1.24) had pulled out of the project. Mr. Ulansky, president and chief executive officer, and Mr. Fipke, chairman, say -- as they have religiously uttered each quarter for several years now -- that "preliminary discussions with interested parties have been undertaken in regard to financing," adding that the company "also continues in its efforts to negotiate" with the first nations bands. They also say that no further work is planned until deals are in place, so one should not hold their breath.
And then there is the Wemindji diamond property in Quebec, which arguably has been as silent as the others, but for Metalex having developed an alternate story surrounding gold and scandium. The company spent nearly $120,000 on Wemindji in the most recent quarter and about $400,000 through the last three quarters. That is the good news. On the downside, Metalex says it collected 1,250 heavy mineral samples, cheering that "at the time of writing these results are being received." Unfortunately, the time of the writing -- not merely the latest cutting and pasting -- took place over a year ago."
Side Bar for Pennymaker69:
1) What do you think your friend Norttherman, Whodat and all the other basher crews of HPQ and PYR would say about that ?
2) You are still of the opinion that MTX management is better then HPQ and PYR management after that?
3) Dont you think you should be the one apologizing about Pumping this stock on other boards?