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 > 30 year mine

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Post by Massivesulfideon Dec 20, 2022 11:48am

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Post# 35182289

30 year mine

As long as you don't sell your shares, you're just looking at a dismal return. However, it just dawned on me that two or three years back at PDAC in Toronto, Chuck told an interviewer that this was going to be a 30 year mine. I think I might bring this one up at the AGM and ask how the progress is coming. I'm so perplexed that I posted this to the MTX board by accident as well.

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How a junior advances one of the largest undeveloped diamond projects