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Bullboard - Stock Discussion Forum 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... see more

TSXV:CD - Post Discussion

Cantex Mine Development Corp > Stolen from poster on CEO board
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Post by Waivergod on Jun 10, 2024 3:55pm

Stolen from poster on CEO board

It should be clarified that this is distinct from the Zn-Pb-Ag-Ge deposit which is >10Mt so far and in that case, copper is not economic. Rather, it is found in trace amounts and if you, like I have been, log every hole drilled on the deposit so far, will see a small but sustained increase in copper to the NE. The company has stated on multiple occasions that geologically this non-economic indicator is indicative that we're nearing the middle of the deposit. Which, given the high sustained grade and tonnage we're already at bodes extremely well and provides insight into why they are reluctant to do a 43-101 and establish a tonnage which doesn't provide a glimpse of what we (tacitly understand we) actually have. Private companies that have analyzed the data understand this fact though."


Smart guy knows better than you bears
Comment by Oregonduck on Jun 10, 2024 5:53pm
Dumb bears are winning.  They say they are targeting copper in the Western area. The main discovery zone grades are erratic and narrow. The latest massive sulphide drill intercepts retuned 5% zinc. Other step out holes found nothing. The stock price and common sense say North North Rackla is uneconomical with $1.5 billion Capex, $120 million road costs, native issues and "no way to get ...more  
Comment by Massivesulfide on Jun 10, 2024 7:04pm
This is just wrong thinking. If the company needs to go to market and raise shares and capital, dilution is forthcoming to existing shareholders. If a resource report showed this site contained $10 billion worth of materials, we would have a share price in excess of several dollars by now. Which situation would serve existing shareholders better? The one where we have a $.13 share price and to ...more  
Comment by MassiveisKing on Jun 10, 2024 7:46pm
So why dear comrade have we no resource report. What are the top 5 reasons? 
Comment by Massivesulfide on Jun 11, 2024 5:00pm
I'm not sure that there are five reasons, but there are clearly two. For one, this whole project could be the next Bre-X and we are all getting duped. I don't believe that is the case. The second is the stubbornness of the old man. As he is independently wealthy, and does not rely on capital markets to advance his projects, he doesn't behave in a rational manner that a publicly traded ...more  
Comment by Waivergod on Jun 11, 2024 6:28pm
If you read the comments on CEO -a poster there makes very valid points and seems to have some vast knowledge in the field of geology either professionally or as a need. He thinks that doing a resource report at this point is stupid because of the complex and possibly immense size of this project. Albeit he says they are working in the blind
Comment by Oregonduck on Jun 12, 2024 12:03am
Does anyone with half a brain think with the stock price at 13 cents that Chuck has discovered a BHP-style geology? Rob Cudney who once held a $30 million stake as a Cantex insider said in 2020 when he questioned how the hell, they drilled horizontally through the sheet of ores but found nothing on the other side? An orebody that is spotty with narrow widths. The stock subsequently plummeted to ...more  
Comment by MrJimLahey on Jun 12, 2024 9:03am
have you tried calling Chuck and Chad to let them know they are wasting everyones time and money? 
Comment by coolshivers on Jun 12, 2024 9:28pm
No. That's a waste of time.
Comment by Matteo1234 on Jun 13, 2024 7:11am
Pappi. Dont frustrate the Shiv. We appreciate him sopping up excess retail hamster dumping, Stayhard