Cantex Mine Development Corp V.CD

Had a conversation

[carter2]

The company is expected to have a meeting with First Nations in the next week or so.  Chuck is working on a Major to drill the property this season which will include larger drills to verify depth, that I suspect will depend on the First Nations meeting and approval of a mine.  The remaining samples will be available by the AGM.  Some news will be out in the next week or so.  Obviously a major is serious about this project.  Be patient the pay off will be huge IMHO.

[Waivergod]

Awesome thanks for the update. 

[Emili0]

That’s such great news! Thanks Carter for the update, I’m so pumped, This is going to be so awesome. In that recent promotional video, Chuck said he thought it would be 90%-100% chance it’s a mine one day. In order to have a mine we would need native approval so I feel he’s very positive they will sign one day. I can’t wait for this thing to go big!

[MassiveisKing]

Just to be clear, why would a major go up and drill unless a JV deal is in place? 

[carter2]

Good question, I would think it would likely have to do with purchase price.  Chuck wants to be paid well and fair so depth matters.

[MrJimLahey]

thinking out loud here - the discovery might be deeper than we currently know plus its 2.6km long but open at both ends and exact length is unkown

[pennymaker69]

Ya I been saying that. That's the thing a Major will bring a a big rig to test way deeper holes. This can be much bigger than what we have as it's OPEN on both ends and at DEPTH. something I posted a while back...

[Oregonduck]

Under TSXV policy, Chuck must announce any Letter of Intent (LOI) negotiated and signed by a JV partner  leading to a Definitive Feasibility Agreement (DF) to fund the Capex project with earn-in options and off/take contract. Nah, just BS rumors. That was what happened at Metalex with Dundee JV agreement, until it dissolved.

[pennymaker69]

Nothing to announce yet... cause it's not SIGNED. When it is... and they do have a deal.. (by next AGM I bet) then they will put out a NR and your short selling will be painful. How many shares u short?

[pennymaker69]

Thanks for that info. You plan on following up after a week too see how that meeting goes? I think they have done what they can with the drill they have. They need to go deeper than 700 meters and a Major would do that kind of drilling. IF they do and the depth is even deeper than 700 meters could be massive find. If they working on a Major to drill and test this 2025 program they might not have

[givemeabreak1]

Penny that is a cool perspective. If they go deep enough they will come out the other side in China so the cost to mine will get real cheap.  So many rocket scientists and no rockets on this board.