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Candelaria Mining Corp T.CAN


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

Metals & Mining Gold
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

Candelaria Mining Corp
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Post by canagoldon Sep 27, 2011 4:42pm
363 Views
Post# 19090445

Why bought CAN..Canaco: the new Ventana?

Why bought CAN..Canaco: the new Ventana?https://business.financialpost.com/2011/05/20/canaco-the-new-ventana/#more-55294

May 20, 2011 – 9:30 AM ET| Last Updated: May 20, 2011 11:30 AM ET
TD Newcrest analyst Daniel Earle is convinced that Canaco Resources Inc. has made a world-class gold discovery at its Handeni project in Tanzania.
Why does that matter? Because the last time Mr. Earle made such a bullish call on an early-stage gold company was Ventana Gold Corp., which became a market darling and was eventually taken out in a $1.5-billion deal. It was one of the best analyst calls in years.
In a note to clients on Friday, Mr. Earle mapped out the life cycles of Canaco and Ventana shares side-by-side. See if you can spot the trend:


Source: TD Securities
In both cases, the companies underwent significant corrections along the way to success, and Canaco is in the midst of one right now. Besides general market uncertainty, Mr. Earle believes that Canaco is being held back because of a lack of drill results (due to issues at the lab) and the fact that it recently completed a big financing that filled existing demand. He also wrote that there are concerns about the size of the company’s resource, but he noted that always seems to happen when an early-stage stock undergoes a correction.
Mr. Earle remains extremely optimistic. He has a target of $8.00 a share on Canaco, more than double the current level.

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