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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

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

Post by carter2on Jun 23, 2010 10:43pm
661 Views
Post# 17216698

Will Vale buy the Suwar, Wadi

Will Vale buy the Suwar, Wadiproperties from Chuck.  My guess is yes and it is the reason for the airborne survey.  They know there is enough ore for a mine or two already and the JV deal is clear how they will get a larger percentage.  So the reason for the survey is so they are confident they don't overpay what CF want's, as he will not be undersold on this "Find of the century" as he put it to me.  I would expect the buy out be as a dividend to the shareholders say $3-$5/share.  The good news is the Gold will be mostly all Cantex's. Hold them tight.
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