Canex Metals (CANX) - Early-Stage Arizona Gold Explorer
Matthew Gordon, Ptolemy Capital
8 Months ago
Canex Metals is an early-stage gold explorer with 3 gold exploration tenements in Northern Arizona: a strong mining jurisdiction. With $1.5M in the treasury, and another $500,000 available through warrants at this end of this year, Canex Metals appears to have the credentials to deliver gold in the ground. Canex Metals is a small player, but there is always room for gold exploration in your investment portfolio. The geology is good.
The team has a strong track record and Ebert, a geologist, was candid and transparent. Lots of discoveries made by the team and also a record of M&A. They are chasing high-grade gold at surface. Canex Metals' c.$13M market cap has recently seen a bump. How much of this is down to the gold bull environment and how much is down to the company itself?
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