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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

Post by nanaimo16on Feb 28, 2019 12:22pm
86 Views
Post# 29423599

Looks like 75c financing

Looks like 75c financingso I have prudently aquired a few more peanuts for the jar this a.m.

Somewhere I read that the paper would go down in Feb 2019.... thats a few hours from now.

Still, by raising 10 to 15mill at 0.075 or so, the number of shares will still be low.

Now compre whats going down with VIT ( Victoria Gold) with the Yukon Eagle Mine which is of course over budjet and not quite ready for production.... VIT I sold at 49c this am to buy more Cantex. It seems that these new Mines usually run over budjet. VIT has what ... close to a Billion shares out ( whos counting). 

believe CD will have a good upside with a good result, but like VIT, down the road a Mine financing will be a complicated mess.
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