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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

Comment by carter2on Jan 31, 2020 11:17am
175 Views
Post# 30625598

RE:RE:Anyone attend AGM??

RE:RE:Anyone attend AGM??Don't recall anything about a south zone.  They sounded positive overall, Chuck said that promotion was his weakness and things are being done to corect that, Cannacord is a regret and part of the reason the price fell, along with people thinking that he was selling when he was giving shares as gifts to staff and family.  Chuck says the grades they have are world class and the best in North America. I asked what is the plan, Rino Tinto is showing interest, Tech has been to the property and wanted to do a deal, however Chuck wants to prove up a larger resource and does not want to do a deal where a major is just going to sit on this and add it to thier reserves. I asked Chuck what he thought the share price could be if we did a JV or sold the property his reply, was that he would like to see it at $80.00 per share.  My take on that is, he knows what is there more than he can say at this time and has done some math to come up with that price. Only a small amount of shares out to the public and once those are in better hands the price will rise and stabilize. There was a lot more people at the AGM than last year and I get the feeling that Chuck wants to do good by his investors, he knows people have been in this for 25 years me 20.  GLTA, you don't need to have hope just believe.
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