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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 Jul 21, 2023 9:03am
140 Views
Post# 35551160

RE:RE:RE:next steps?

RE:RE:RE:next steps?If Chad believes the all in construction capital costs may exceed $2 billion dollars (including $100-$150 million for the road),the resource report will need to have a known  mineral value that exceeds $10 billion IMO. The feasibility study will attempt to estimate upfront capex and lifecycle opex costs for the life of the project. According to McKinsey only 37 percent of all mines constructed fall within the acceptable 15 percent cost overrun target. The exploration mining company (Cantex) would negotiate a buyout typically between 5-10 percent of known mineral value. Any additional royalties negotiated will be based on the projected profitability of the project over its life. Because of the high costs of building this far north, this mine would need to have a useful life of at least 15-20 years. A decent NI 43-101 would pop the share price initially, but not be the final price or word that determines the fate of the project. The more Chad and Chuck prove out, the sooner the end goal comes into sight. Easier said than done.
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