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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 Sep 09, 2024 1:32pm
160 Views
Post# 36215080

RE:Desperately calling for a resource estimate

RE:Desperately calling for a resource estimate Carter, I hear you. I've run through the mental gymnastics in my head on this one many a time. There is only one of two realities facing us. One is the tonnage is much less than what they are letting on by using the language open to depth of 700m or more. I don't think that is the case. Or secondly, Chuck wants to be the hero andsell the story sound like it came out of left field as it hasn't touched the media. I think he wants to sell the story as an overnight win when we know this has been decades in the making. As part of that analysis, I think we are closer to 15,000,000 tons now. The problem with that number is that he thinks it may be only a quarter of what is there and wants to be paid for everything. Nobody gets paid for everything. And if he puts out a resource report and the share price reflects what we believe to be there and true market value, then the clock starts ticking on him and Chad to get a deal done and I think they are not ready for that pressure. No PEA, no PFS, no NI 43-101 means no pressure. I am as patient as the next guy, but I cannot stand being diluted year after year while Chuck tops up at record low share prices and pretends he's the hero bailing out the company once again. If it's not illegal, it's certainly unethical.
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