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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 Massivesulfideon Mar 09, 2023 5:02pm
212 Views
Post# 35329217

RE:RE:Just dropped on Sedar...

RE:RE:Just dropped on Sedar...Correct. They reduce their holdings to 5 million shares after selling off 2.194 million shares at around 45 cents after doing the PP at 30 cents. All the while they kept their warrants in tact at 6.194 million. In effect, they made a profit of 50% on their equity stake, and got to keep all those warrants. They had their proverbial cake and were able to eat it too. Chuck told me that they might be involved again this year or even Eric Sprott himself directly. I told him that I do not mind the weight in any more tonnage. I did, however let them know my displeasure in the ongoing dilution. I think that is why they are moving towards a 43–101. That should eeverse the share price declines and potentially give it a lift.  Chad believes that the dollar value of the minerals found to date exceed 20 billion US. The wildcard is the germanium. If the 60 cores being retested hold up with what they have found, that $20 billion number is a sure thing.  I guess we should all just  stay tuned.
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