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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

Post by Massivesulfideon Nov 28, 2024 4:28pm
117 Views
Post# 36336296

The Hurdle Rate is holding this up

The Hurdle Rate is holding this upWe can opine all we want about the reluctance of Chuck putting out a NI 43–101. We can surmise what the tonnage and dollar mineral value is. At the end of the day, a prospective purchaser is trying to figure out what the financial outlay is overlaying it with their internal hurdle rate. If a buyer needs $3 billion Canadian to enter into a JV and give the shareholders a piece of the action ($8 a share) for a 70:30 Split, what must the dollar value of provable metals required to greenlight a mine? Well, it is true that Chuck is withholding resource report information as only a half a dozen companies could undertake this project, it also serves his own personal interest Not to publish the data as it gives him the option to accumulate more shares at a discounted rate, and secondly keeps the clock from starting and putting pressure on him to make a decision. Short of an interested party putting in a hostile takeout offfer (Which is probably prohibited by the NDA they signed), we will all just be sitting back waiting until Dr. Fipke thinks it's time to proceed. 
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