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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 Oct 27, 2024 6:48pm
170 Views
Post# 36284273

RE:RE:whyyyy

RE:RE:whyyyy

You're posting is perfect in terms of timing coolshivers. I spoke to two geological engineering friends to ask them if they could interpret the feasibility of a mine solely based on published intercept data. They said they get about a 50 to 60% picture but without a topographic 3-D image to indicate the precise slopes for the location as well as the shape of a potential preliminary mine pit it is only partially accurate. In other words, it doesn't provide the whole picture, but rather a portion. The go or no go decision will be based on whether CD can prove out $12-$15 billion Canadian worth of minerals. That number comes from Amy personal assumption of a $3 billion outlay buy the purchaser (Teck) for the JV acquisition and mine construction, including the road. It assumes an IRR of 20% and a payback period of between five and seven years. That is the data that we need from Chuck/Chad and should be asked for at the MTX/CD AGM that will be upcoming in November.

 

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