Cantex Mine Development Corp V.CD

What is it worth?

[Gillie88]

Question for the group. What does everyone think this discovery could be worth? From all my conversations with the company over the last 2 years they have not wavered from their goal of 20,000,000 tonnes at 15 plus % zinc eq. So if they can prove that out that would give them 3,000,000 plus tonnes of zinc over say 3 km. Chad has always stayed firm from my conversations with him that the goal is 20,000,000 tonnes (or more) making it a proven teir 1 asset. I understand the frustration with the lack on news and communication over the last couple years and the tension some people feel about the company. But if the can prove out over 3,ooo,ooo (or more) tonnes of zinc on this strick what would that make the discovery worth?

[gartloneyrat]

From what I've read so far on here and other forums. Somewhere between $0.15 and $80.00 per share. I'm new to this so I'm still trying to learn the basics of what I should be looking at. This forum seems to be alternating between suicidal despair, outrageous confidence, lame role-playing, and vicious bickering. So, basically just the internet. Can anyone link a good article or two on

[Massivesulfide]

Assumptions for calculating estimate worth of minerals 2205 pounds per tonne Silver spot price $19 USD/oz or $.68 USD/g Zinc spot price $1.65 USD/lb lead spot price $.90 USD/lb 3 million tonnes x 2205 lbs = 6,615,000,000 lbs no accounting for an manganese, copper or gold Gillie88 does this assumption math add up so far?

[Massivesulfide]

Following up calculations (if assumptions or calculations are off please correct this data) silver value 100g/tonne silver est North Rackla 100x20,000,000x.68 $1.36 billion USD zinc value 3,000,000x2,205x1.65 $10.915 billion USD lead value 3,000,000x2,205x.90 $5.954 billion USD Total $18.23 billion USD CD finders value is 5-10 percent of mineral worth or $900 mm - 1.8

[TheInverseAgonist]

I have posted my models and graphs of all intercepts released to this point that I recommend you review. The main zone average across all holes at the then spot price average was $469.05. The recent NE intercepts will bring this average up a bit. The GZ Zone is significantly higher.  If you assume a $500/ton average for the project to this point, you get the following: 15,000,000 tons

[Massivesulfide]

Thanks. Our calculations differ but I suspect that somewhere between our two estimates the real value lies. Your calculation appears to be more methodical and conservative than mine and probably reflects todays market reality. Thanks for the work Theinverseagent.

[MassiveisKing]

A Billion here, a Billion there. My friend Mitch A. Gas is happy either way. 

[Massivesulfide]

Upon further consideration I made a revision of calculations to tons and not metric tonnes, 1000 lbs vs 2205 lbs silver $1.36 billion USD zinc $4.95 billion USD lead $2.7 billion USD   total value of minersls $9.01 billion USD cantex value 5 to 10 percent 451 million USD to 901 million USD This is more in line with Theinverseagent estimate.

[givemeabreak1]

WTF are you talking about massive where did you get this 1000 lb thing? A metric ton you are close enough a US short ton is 2000 lbs there is no 1000.

[Gillie88]

On their last presentation they're showing nearly 10,000,000 metric tonnes at 20 % zinc lead

[givemeabreak1]

Gillie I must have missed their their 43-101 technical report covering a resource calculation of nearly 10,000,000 metric tonnes at 20%.  If you could post a link for it please lol!

[givemeabreak1]

Simple comment both massive and inverseagenet valuations are out to lunch other than a pumpers dream!  A couple of sprained wrists for sure!

[Massivesulfide]

Correction again. United States. In the United States, a short ton is usually known simply as a "ton", without distinguishing it from the tonne (1,000 kilograms or 2,204.62 pounds), known there as the "metric ton", or the long ton also known as the "imperial ton" (2,240 pounds or 1,016.05 kilograms).

[givemeabreak1]

Massive thanks but we all knew that! It seems you might be the only one on this board that didn't. In fact you are probably the only one on stockhouse that did not know it.