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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 > Yes... looks like 1 more kick at the can. Drilling .. b3
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Post by pennymaker69 on Dec 18, 2024 9:33pm

Yes... looks like 1 more kick at the can. Drilling .. b3

I assume the JV deal didn't work out so they going to drill it to get a better deal....



  It is currently estimated that the majority of the proceeds (estimated at $850,000) will be used on drilling our nickel-copper-cobalt B3 prospect; additionally, $150,000 is earmarked for an airborne geophysical survey on the B1 copper-cobalt property and $50,000 is estimated to be spent following up on geophysical anomalies generated by the B1 geophysical survey.  The Company will not be using any of the proposed payments for Investor Relations activities.
Comment by carter2 on Dec 18, 2024 9:51pm
No talk of lithium? Thought that was something they were looking for.  Not that I care just like to see this at a couple bucks
Comment by pennymaker69 on Dec 18, 2024 10:12pm
Lithium prices crashed so I don't see that in demand right now. Also they don't have money for both. If lithium prices go up... maybe they get back to that' property. But we have a drill program! I just wonder how many holes 850k will give us!
Comment by carter2 on Dec 18, 2024 11:44pm
Chuck has his own drills he had them made in Kelowna at Multipower.  This will keep cost down compared to paying someone else 20k a day.
Comment by coolshivers on Dec 19, 2024 11:14am
the lithium project bubble has burst. It's a lower priority target.
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