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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 fredstockhouseon Dec 08, 2011 5:27pm
422 Views
Post# 19305300

Latest News CAN.V

Latest News CAN.VThis latest results are great news. The company is holding over $130,000,000 in the bank and moving quickly with their drilling and resource schedules. This stock will be break $3 a share before the end-of-the month. Pumping/bashing aside, gold will be victor at the end-of-the-day. When the Euro crisis is or isn't resolved, Gold will end up well over $2000 in the coming year. If the Euro crisis is resolved tomorrow (great Gold Wins and Jumps immediately), bonds get bought and the printing press continues and the US will be busy printing money and doing the same. If the market loses confidence in the Euro, the US economy will get hammered and the US will have to print much more money and buy bonds. The problem with the US is that they have a huge deficit for many years to come. The US has too much debt and can only resolve their fiscal and monetary issues by decreasing the value of their debt and printing money. The Chinese know that and are unhappy but can only buy mining and resource companies to hedge against that reality. With the acceleration capital that Lisa refers to, the company is set to reap the benefits of a higher gold price. Money will move to gold when currencies cannot be trusted. All the banks have analysts predicting this. This is why the banks globally are pouring money into buying gold. This protects them from holding weakening currencies. I expect gold to hit 2000 before the end of the month and this stock to move beyond $3.00 per share towards $5 in the first quarter of 2012. There are plenty of investors and money managers on the sidelines waiting to pour money into companies such as this. I expect them to move before the end of the trading year to grab these shares while they are low. CIBC expects the juniors to have a stellar year when Gold climbs above the $2000 mark. With the company moving ahead with a massive drilling program and schedule, things are looking very bullish for CAN.V. Big returns are coming in days, weeks, or months. The fundamental are getting stronger. Market volatility creates a huge opportunity for accumulate shares on the cheap and reaping massive returns. Let us not forget that CIBC has a $4.50 target on it which has remained relatively unchanged. There are many catalysts ahead which will provide significant support and strength to the share price. Fred
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