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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 oilfiftybuckson Feb 15, 2012 12:03am
479 Views
Post# 19535471

Resource estimate is not far away

Resource estimate is not far away

Today was the bottom, I'm calling it, you will never get CAN cheaper again after today...period. Trading activity was all about shaking out the weak hands. Do you own DD and find me another company with 44 meters at 5 grams+ that is trading this low. I'm not a pumper, just statng the facts but when a guy name robster shows up who just so happens to create an account last week I have to laugh. I'm working on my own reserve estimate based onthe information on hand and $2MM ounces should be a cake walk. JMHO

 

Good luck longs, tomorrow's action will show everyone who was waiting on the sidelines to get in. NO DEBT, 120 Million in cash, strong assay results are coming in albeit very slowly, and analyst have keep their outperform ratings on all fronts.

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