RE: YemenYes, I like Yemen as well. Cantex does have a large land position there which is strategically located. It was a bold and innovative move for Chuck Fipke to go into Yemen (similar to his drive into the Northwest Territories). The Yemeni government has been cooperative with Cantex thus far. They re-negotiated (lowered) the property payment about a year ago etc... Let's not forget that there are drawbacks to Yemen as well. Although Cantex has not experienced any unstable situations (that we know of) there yet, the region is known to be chronically unstable. Infrastructure will be relatively expensive there.
Again, the problem I have with Cantex is the company share structure. While I like Yemen, I don't believe that Cantex is a properly designed vehicle to explore there. This is an expensive junior compared to similar junior companies. I won't buy Cantex just because Chuck Fipke says he has a mine in Yemen.
To put this in perspective compare Cantex to Ivanhoe Mines (T-IVN). This is Robert Friedland's company (yes, he discovered Voisey's Bay, and developed Fort Knox). IVN's 50% owned massive producing copper mine has produced 88M pounds of Cu (full production is 353M pounds/year which is scheduled to be attained within 2 years) in it's first year of operation at a cost of $0.28 US/pound. Also IVN has a 70% stake in a proven 4M ounce gold deposit grading 7.9 g/t gold, $46M US in cash, vast exploration concessions, and much more... IVN has 79M shares fully diluted and is trading at $1.00. By the way, I don't own IVN, and this is for comparison purposes only. When both Chuck Fipke and Robert Friedland have major exploration successes behind their belt, why should Cantex enjoy trading at such a premium with such early stage projects?
tk