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Candelaria Mining Corp T.CAN


Primary Symbol: V.CAND Alternate Symbol(s):  CDELF

Candelaria Mining Corp. is a Canadian gold-copper exploration company with a portfolio of two highly prospective projects in Mexico. The Company owns 100% of the Caballo Blanco and the Pinos Gold Projects. The Caballo Blanco license area is located on the eastern coast of Mexico in the state of Veracruz, 65 kilometers northwest of the city of Veracruz. The most advanced project in the license area is La Paila, which is conventional open pit/heap leach mining operation targeting approximately 100,000 ounces of gold production annually. The Pinos mining property and historical mining district is located in the municipality of Pinos, Zacatecas state in north-central Mexico near the town of Pinos, Zacatecas. The property lies 405 air-kilometers northwest of Mexico City and is 67 km west-northwest of the city of San Luis Potosi, 113 km east-southeast of the city of Zacatecas, and 85 km northeast of the city of Aguascalientes.


TSXV:CAND - Post by User

Comment by kensinon Mar 22, 2011 1:46pm
361 Views
Post# 18322653

RE: RE: Not much of a bump in SP ?

RE: RE: Not much of a bump in SP ?What happens is they have a formula that is part of a template for moving forward once this money is in their account. No one premeditates moves until they actually get the cash bought deal or not. Now it will take about 30 days to apply the cash and set things on their new more aggressive course. In the mining world 30 days is like 30 minutes. It's very fast for them, really slow for us. There is little if any doubt that everyone is believing Mr. Earles prophecy of a $13.00 take out bid. There are no shares for sale and very limited trading for a stock that is held worldwide. It is actually irrelevant what happens month to month with Canaco as they are simply going to prove up 15 million ounces followed with math that indicates Geita size reserves with much lower extraction costs. The real question for us as shareholders are we going to let it go after waiting a year for $13.00 or vote to hang on for more. I'm not sure how I feel about that. watching T.VEN I might be inclined to say yes as there definitely seems to be a ceiling on these plays.   Everyone should relax and let it play out. The deal is already done it's just waiting until they finish the plan.    JMO
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