RE: tkellyFurther in the same post JD says:
"much work remains to clearly confirm and define the scope and the profitability of the Yemen Al Hariqah project."
From the Feb. 12, 2000 Cantex news release:
"much additional drilling to prove tonnage and grade continuity as well as metalurgic and mine feasibility studies are needed before our geologists will be able to state definitely the true potential of the Al Hariqah gold deposit can be mined at a profit."
No competent firm could come up with a resource calculation of 1-2M ounces based on the 28 holes that have been completed at Al Hariqah (my figure of 150,000 ounces is about right). Consider the expense of drilling off this deposit. If the gold grade is consistant throughout, then Cantex will need at least 50,000m of drilling to confirm this deposit (so far they have ~5000m). My point is: Be careful what you claim Cantex "has" proven and what is potential. There is plenty of potential here, but understand that the valuation of Cantex is based almost entirely on Chuck Fipke's name and potential alone. That makes me uncomfortable at this maket cap.
tk