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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 Feb 20, 2012 11:33am
610 Views
Post# 19557483

What is Cantex worth based on AH

What is Cantex worth based on AH

I did a bit of research to get an idea where our share price would likely be if AH was a producing mine. I looked at the WCP board, and looked at where some of the gold projects were that they worked on.  The project that most resembles ours (location, government uncertainty, cheap labour, water issues) and came up with the gold mine company called Centamin Egypt LTD. At there Sukari mine  they have been producing since 2010 last year they processed 200,000 onces of gold at a cost of $556 per once,  they have a proven resource of 13 million onces and are trading at $1.42. Also Centamin have 200 million cash are debit free and unhedged.  So if WCP does acquire 70% and brings AH to production that should leave Cantex with a share price of about .43 cents based on AH alone. If WCP brings AH to production I guess it will take min 3 years. So I sure hope that Suwar is not a dud and we can get up to the northern part of Yemen and find a couple of more mines. Big hopes for the Yukon properties as that is the only thing that will take us over a buck in the near future. IMHO 

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