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Candelaria Mining Corp T.CAN


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

Candelaria Mining Corp. is a Canada-based precious metals focused exploration and mining company. The Company is engaged in two gold projects in Mexico: the 100%-owned construction-ready high-grade Pinos gold project located in the state of Zacatecas, and the 100%-owned advanced-exploration stage Caballo Blanco project located in the state of Veracruz. The Pinos Project is situated in the central part of the Mexican Republic, adjacent to the municipality of Pinos, in the south-eastern portion of Zacatecas. The Project is approximately 80 kilometers (kms) west from the city of San Luis Potosi and approximately 140 kms east from Zacatecas, the State capital. It consists of around 3,816 hectares comprising over 29 concessions. The Caballo Blanco Project is situated on the eastern coast of Mexico in the state of Veracruz, around 65 km northwest of the city of Veracruz. It covers over 9,650 hectares (ha) comprising over 14 contiguous mining claims. Its subsidiary is Minera Apolo SA de CV.


TSXV:CAND - Post by User

Post by ANBCAon Aug 15, 2011 11:31am
287 Views
Post# 18942509

Slow Road to Riches

Slow Road to RichesInfill drilling is not going to produce huge spikes in the share price.  However a good 43-101 will help to ascertain a benchmark for the resource and a NAV for the company.  After this as the resource is firmed up and grows from the initial estimate we'll see the price appreciate until there is a take out offer or a go ahead to mine. 

This is just my opinion but I think that .50 cent and $1.00 moves will be few and far between going forward.  It will require "real" news or "substantive" change.  A TSX listing will be a great boost to maintaining and realizing value moving forward. 

I expect this to play out like Ventanna did.  $12 to $13 a share.  But it won't happen in a week or a month.

JMHO

Good luck everyone.

A

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