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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 > Why no NI-43-101??
View:
Post by Oregonduck on Oct 20, 2024 2:35pm

Why no NI-43-101??

Whether you agree or not, Chuck is within his fiduciary duty and good faith to not get it done under the "Business Judgment Rule" accorded by the courts to management.

Nobody knows what Chuck has found in North Rackla without an independent validation such as 43-101.  They need to do a bulk sample and bring in large equipment like excavators to dig up and estimate grade & tonnage. There is no access road through FNNND heritage land to their remote Alpine Werneke mountains site. Any complaints by shareholders will fall on Chuck's deaf ear.


https://www.lerners.ca/lernx/business-judgment-rule/
Comment by Waivergod on Oct 20, 2024 7:10pm
Why are you here exactly? Like you do alot of research into why things won't work out but claim your not short- so what's the point?
Comment by Concorde on Oct 20, 2024 7:37pm
Not exactly accurate, large equipment can be transported in by helicopter and large fixed wing aircraft. (dissassembled smaller components). How do you think they built out the internal road network. i.e.  K9 Bulldozers>>
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