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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 givemeabreak1on Aug 26, 2022 10:44pm
168 Views
Post# 34924128

RE:RE:RE:RE:The History in Time

RE:RE:RE:RE:The History in TimeThe average all in cost per pound for an underground mine is meaningless.  One might be .65 a pound one might be 1.65 so the average cost so the average cost is like 1.15 so the one at .65 is making a killing the one at 1.65 is actually losing money.....  They vary widely depending on so many factors not including such things a mettalurgy, location, widths, even weather.  You can use some rule of thumbs but again not vary accurate but give you an idea when something is stupidly ridiculous!  For example generally narrow width underground mine can be 3 time more costly than a similar grade open pit.  Needless to say that refers to operational cost only as all other costs are often the same.

Lots of variables to look at for this one but hard to even put a finger on it with no resource classification which is why all the fools who say the company has no intention to do a resource the grade is so high and the mine is so great it would be a waste of money.  I guess that is why is is at .30 lol.  I enjoy a good laugh when I see these fools put these massive (pun intended) resource and valuations!
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