Bullboard - Stock Discussion Forum Nickelex Resource Corp V.NICK

Alternate Symbol(s): NKLXF

Nickelex Resource Corporation is engaged in the acquisition, exploration, and development of natural resource properties. Its operations include Swift Katie gold/copper property and Thompson, Manitoba nickel properties, and Pilar Gold Inc. and Laiva Gold Inc. The Swift Katie gold/copper property near Salmo, British Columbia is an area that has historically hosted several important mining... see more

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Nickelex Resource Corp > Webinar Q&A

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Post by baystock1 on Feb 28, 2021 12:02am

Webinar Q&A

Live webinar Q&A on Thur news and updates: https://om.smatter.com/town-hall-webinar.php?w=7366966913307861006&s=BB

at ~ 45 min mark, Richard crew says there have been delays due to covid, but hope to get to 500 oz/month in 4-5 months time. My takeaway is 500 oz/month by Q3 2021 and 1000 oz/month by Q2 2022.

I have decided to stick with VQA as a long term play until end 2022. It is one of the cheapest near term producers around. They also have good copper exposure that is not priced in. I bought back the shares I previously sold and also added much much more.

Risk is that the delays in becoming cash flow generating will mean that they will need to do another PP at these prices in order to meet the payments due on the Livramento option purchase.

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