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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Metals & Mining Industrial Metals & Minerals
Cantex Mine Development Corp. is an exploration stage company. Its principal business activity is the exploration and development of mineral properties for commercial mineral deposits, and it is considered to be at the exploration stage. It is focused on its 100% owned 20,000-hectare (ha) North Rackla Project located about 150 kilometers (km) northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 60,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.3 km of strike length and 700 meters depth. It has a 100% interest in four mineral properties in Nevada. It has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Al Hariqah is a near-surface gold deposit located about 130 km northwest of Sana’a, Yemen. The Al Masna’a nickel, copper, cobalt project is located in the Saadah region some 205 km north-northwest of the capital city, Sana’a.


TSXV:CD - Post by User

Cantex Mine Development Corp
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Post by hope2on Jun 15, 2010 1:36pm
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Post# 17190531

NPI - threat or opportunity for Cantex?

NPI - threat or opportunity for Cantex?
This Globe and Mail article does not portray a rosy scenario for traditional nickel miners. The Chinese might not be in the market for nickel plays as aggressively as many assume. Is this a threat to the Cantex/Vale nickel partnership, or does it represent an opportunity due to low production costs in Yemen? Certainly doesn't sound good for high-cost operations like Sudbury...
https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/a-breakthrough-in-china-another-blow-for-sudbury/article1601530/
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