everyone with big #'s. like really just wait and see. They need to get into production and that's FAR away. I DO hope they get gov funding. But I dont' think the gov is going to cover 100% of the costs. So they might need to do a PP soon.
It's all wait and see. But I am in a good mood. Finally the Quebec forest fires are done and now my MTX can finally drill!! MAYBE just MAYBE if MTX hits big... I will sell some and put some pitty money into HPQ and avg down on this bag holder.
Metalex sets up financing as drilling resumes in Quebec
2023-07-21 09:18 ET - News Release
Mr. Charles Fipke reports
METALEX ANNOUNCES PRIVATE PLACEMENT AND RETURN TO QUEBEC PROJECT
Metalex Ventures Ltd. will undertake a non-brokered private placement to raise gross proceeds of up to $350,000.
The offering will comprise flow-through shares priced at five cents per FT share. Proceeds from the sale of the FT shares will be used to finance qualified exploration on the company's claim blocks on its 100-per-cent-owned Quebec project.
The securities issued pursuant to the offering will be subject to a four-month hold period from the date of issue of the units. The offering remains subject to the acceptance of the TSX Venture Exchange.
Also, drilling has now restarted on claim block A5. Work had begun in May, 2023, but was forced to pause due to the extreme forest fire risk in Quebec.