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 > Valuation Metrics

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Comment by Oregonduckon Feb 15, 2023 9:18pm

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Post# 35288866

RE:RE:Valuation Metrics

CD spent $90 million on exploration. No mines.

MTX spent $99 million on exploration including $60 million on Kyle Lake and U2. Yes, building an ice road is dead. No mines.

Spending $millions means squat. Paraphrasing Charlie Munger on high valuations, "I don't worry about it. I will be dead."

As Chuck quipped at the AGM, "Buying key man insurance is a waste of money." Off to wreck diving!

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