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Bullboard - Stock Discussion Forum 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... see more

TSXV:MTX - Post Discussion

Metalex Ventures Ltd > so they still have some cash for driling left..
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Post by pennymaker69 on Apr 01, 2024 2:38am

so they still have some cash for driling left..

I corrected the type-0 in the MD&A. But it seems they have just enough for a very small drill program. Be another claim block or back to a5.

But not alot of funds left. They need to get some good news out soon.

"As at January 31, 2024, the Company had cash of $728,007 (April 30, 2023 – $2,323,345) and a working capital deficit of $1,685,990 (April 30, 2022 – positive $261,701). The Company has sufficient funds to meet its working capital requirements
through the current period."
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