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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 > I have to wonder
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Post by carter2 on Sep 11, 2024 1:58pm

I have to wonder

If I was a major that had a confidentiality agreement that gave me access to all the information, which could include air borne surveys and all the lab results and have cores for which there intent is to be used to determine the best way to refine.  Would your MA department not want to make a deal once they have hit the feasibility valuation.  The reason we don't have a 43-101 resource estimate is that the majors are doing their own.  Chucks criteria is he wants a mine commitment, not to be sold for some future resource.  Must come with Royalties to feed his foundations.  Now we will see which major blinks first.  The drills are spinning and Cantex's air Bourne surveys must be good as they keep hitting the target.
Comment by Massivesulfide on Sep 11, 2024 4:12pm
In speaking with Chad back in February in Toronto at PDAC, he indicated that airborne surveys were not as effective as he moved up the hill as it was in the past when it was used, largely in identifying rocks that had already tumbled down to the bottom of the valley that were rich in metals. I think he is proceeding straight up the hill along visible fault lines, and continuing his drilling ...more