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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 Oregonduckon May 31, 2024 1:01am
112 Views
Post# 36065739

RE:RE:OLD DOGTEX

RE:RE:OLD DOGTEXI had posted contemporaneously that I bought Cantex around 1999 after the predecessor "Goldtex" had undergone a 1-for-10 rollback at $0.01. I bought 100,000 shares at $0.10. As I posted before, I blew them out at $0.65 for $65,000 after the USS Cole was bombed in Yemen harbor. Never touch the stock again. That 100,000 shares after post-rollback in 2019 has shrunk to 10,000 shares and is now worth a mere $1,250 if I hadn't sold. Good luck to all would be millionaire buy-and-hold dreamers.

I wonder why Chuck doesn't take Cantex private since it has a Sedex discovery worth some $20 billion? It only takes $1.5 billion Capex and $120 million road to bring it to production. Maybe, he ran out of money and low on cash. He last sold his 10% Ekati mine for $70 million 10 years ago. His Fipke stable is downsizing and he didn't buy any $0.26 NFT and $0.30 FT Cantex shares in Jan 2024.




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