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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 gartloneyraton Aug 30, 2022 12:09pm
118 Views
Post# 34929814

RE:RE:RE:I was Just Thinking!

RE:RE:RE:I was Just Thinking!Trying to figure out the costs seems to be half the battle here.

Infrastructure - Road, Electricity, Water, Sewage Treatment.Obviously can vary greatly from project to project. If blasting is involved, these costs can skyrocket.

Mining Costs - Mobilization and construction of the mine itself. I have no idea what these costs are.

Operating Costs - Actual cost to get ore out of the ground on a per tonne basis including overheads and indirect costs. Is this heavily influenced by the price of oil?

Making a somewhat educated guess about the cost of the road here. My assumptions are: Minimal blasting, 132km of road including the proposed ATAC road at six metres wide, mine strippings to be used as road gravel. I'd say you'd likely be safe using $9M as a budget number for this. Assuming you can get enough labour, equipment, and a crusher in there, I think you could have it done in three months.

All the other aspects are out of my scope and I'd just be grasping at straws trying to figure them out.
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