Post by
Oregonduck on Oct 02, 2024 2:05pm
Let’s compare apples to apples
Cantex and ZincX (Tsx venture: Znx 9 cents) with about the same mkt valuation at around $20 million.
ZNX's 100% Akie Zn/Pb/Ag deposit is pegged at 22 million tonnes of almost 9% Zn+Pb. Located about 400 km from Prince George, BC, where there is existing infrastructure, all-season road and near to ocean transportation. It has estimated it's Capex at around $300 million with 2.6 years payback. NI 43-101 was done in 2018.
Teck doing some drillings at its Cirque deposit owned with Korea Zinc - the largest smelter in the world that is undergoing a $2 billion takeover fight with another Korean Co. - this season. And now doing some metallurgical testing on ZNX's nearby (20 km) Akie drill cores at Teck's Trail smelter. Potentially, a JV or buyout partner.
Comment by
Waivergod on Oct 02, 2024 2:11pm
Yeah but we're getting a 14$ buy out bet
Comment by
MrJimLahey on Oct 02, 2024 8:28pm
i thought it was $26 a share? im goung to the AGM this year to find out
Comment by
Waivergod on Oct 02, 2024 9:07pm
I definetly believe there is more to this property than what's been disclosed. I think we are close to a deal with a major. Whether that is 3$ or 28$ I'll be a happy man