Cantex Mine Development Corp V.CD

Alternate Symbol(s): CTXDF

Metals & Mining Industrial Metals & Minerals

Cantex Mine Development Corp. is a Canada-based exploration stage company. The Company's principal business activity is the acquisition and exploration of mineral properties for commercial mineral deposits. The Company’s primary project is located approximately 100 kilometers northeast of Mayo, Yukon Territory, Canada. The Company has approximately 1,075 claims covering over 21,500 hectares in the Yukon. The Company has a 100% interest in four groups of gold exploration claims comprising of approximately 86 claims. The Company has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Company owns 60% interest in the Al Hariqah (Gold) project. The Al Hariqah is a gold deposit is located approximately 130 kilometers (km) northwest of Sana'a Yemen. The Al Masna'a nickel, copper, cobalt project is located in the Saadah region approximately 205 km north-northwest of the capital city, Sana'a, and 25 km south of the border with Saudi Arabia.

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Cantex Mine Development Corp

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Comment by elk121on Jul 03, 2009 6:07pm

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Post# 16116246

RE: Here we go again

The run-up will continue until Vale decides if they are in so the naysayers predicting prices back at 8/9 cents are wrong. If Vale bails, it will go a lot lower than 8/9 cents but if they buy in, it will go up rapidly and I would guess to at least a dollar short-term.
If Vale decides to mine , then a much higher SP. The predictions of $5.00 or more depends on a lot of factors.
I can't see much higher than 50 cents before September/October based on speculation alone.
Great assay results and a Vale JV will push it much higher.
ELK

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How a junior advances one of the largest undeveloped diamond projects