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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 > Stay 100-ft away from Cantex
View:
Post by Oregonduck on Nov 24, 2024 1:31pm

Stay 100-ft away from Cantex

No GenZ and millennial will invest in Canadian mining shares. Almost all investors in this sector are old-timers still stuck in the past decade working their back-of-envelope fantasy calculations. No billionaires will finance capex costs of over $1 billion in the ski slopes of North Rackla mountains with poor geology, environmental and native issues. 

According to Northern Miner (Feb 2024): Competition from other speculative investment options (tech, crypto, etc). A lack of big, generational discoveries in the past 10-20 years. Fewer retail brokers focused on mining to tell companies’ stories. And a bloated number of public companies listed in Canada all seeking cash from a shrinking pool of investors. "

Comment by Waivergod on Nov 24, 2024 7:51pm
This will all change with a republican and conservative government. Book mark this post. Whether or not we have the 'find' im not sure but money is gonna pour back into resources sectors
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