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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

Post by fredstockhouseon Nov 20, 2011 10:10am
401 Views
Post# 19252201

Analysis 300% + CAN

Analysis 300% + CANThe company has plenty of cash, an excellent balance sheet and no debt. The government in Africa is going to have to give them reasonable guarantees on margins and profits if they want the compay to spend the $130 million they are holding, create jobs and improve the economy. There is certainly going to be incentives and offerings to the company. The last thing they want to do is scare away investments. If CAN wanted to, they could take the money and go elsewhere. The shorts are throwing poison pills to kill the stock price. This is a great entry point to buy on the facts and fundamentals. Once the reserve has been established which is certainly going to be at least 3+ million ounces, the company will negotiate with the goverment for a mutally beneficial deal. If the government wants to play hard ball the company can sit on the mine and spend the cash on an aquisition provide strong shareholder value. I wouldn't sit on the fence. The share price is a giveaway and CIBC has an outperform with a target above $5. Europe will resolve itself at some point and money will start printing in Europe and in the US. Gold prices may fluctuate for a few more weeks. However, they are preparing for a spike upwards with strong support fundamentals. The world is not going to end. But this opportunity to buy the shares at a bottom price giveaway will. According to CIBC analysts we are looking at 400%+ returns on this one. I am looking more conservatively at 300%+ with a share price of $3.90 - $4.25. Fred
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