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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

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.


TSXV:CD - Post by User

Comment by churchfiloon Dec 03, 2009 6:21pm
544 Views
Post# 16552226

RE: a few ?s

RE: a few ?sTHANK YOU piper

I feel it's ludicrous when people whine about CF paying himself with shares. If it wasn't Chuck's deep pockets Cantex would be history. I don't agree with CF's slow advancement of these properties but paying himself with shares in the company doesn't bother me a bit. Looking at his ROR on investment, I wouldn't be doing it and I don't know why he does.

I suspect this financing method is also contributing to the slow turnaround on the Al Hariqah assay results. As it stands now, I wouldn't look for assays from AlH till late spring/early summer 2010.

I suspect either a JV on the Au projects or Cantex will put together a money raising effort similar to Metallex before any real progress is made.

If people don't like it they can always walk in and plunk a couple million down and ask CF to speed things up.
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