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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 Feb 21, 2024 8:11pm
88 Views
Post# 35892224

RE:RE:RE:RE:The Big Picture

RE:RE:RE:RE:The Big PictureThe Ag I will try to put things in perspective for you.  Total world demand of germanium is a whole 140 metric tons.  For Zinc that number is over 12 million metric tons.  Yes the grade at Cantex is high but there is little world demand and it can be found everywhere and anywhere.

The reason the price is so high is about 10 smelters control the world markets for most industrial metals and only a few can remove the germanium to well over 99% which is what is required.  It is expensive to do so alot of miners do not bother.  Yes you get a high price for it but that is because the processing costs are astronomical and the demand is low.

Alot of miners have germanium but it is not worth there while to process it.  
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