Cantex Mine Development Corp V.CD

Alternate Symbol(s): CTXDF

Metals & Mining Industrial Metals & Minerals

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.

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Cantex Mine Development Corp > Results ??

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Comment by bandi10on Mar 11, 2022 1:50pm

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RE:RE:RE:RE:RE:RE:RE:RE:Results ??

Chuck did say at an AGM , that he was holding out for $75-80/share. If you look at my chart, that I posted previously, there is no major mine with as high a grade as CD, if only they can get some tonnage, then it's out of the ballpark for CD. Quite a few of the mines are running at 3-8% Zinc, but with tonnage. At 5-7x the grade you can cut the neccesary tonnage by the same factor as the grade ratio. IE 500,000 tons at 20-25% is equal to 3,500,000 tons at the 3-8% grade.Just a little different way at looking at potential.

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Eminent acquires promising Nevada gold project