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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

Comment by kensinon Jul 13, 2010 2:53pm
415 Views
Post# 17266121

RE: RE: RE: RE: will this hold!

RE: RE: RE: RE: will this hold!    Go to the one year graph on T.VEN    Many people (unhappy people) sold off Ventana between 1.50-2.00 thinking it was over priced or they would get back in on a pull-back. Good news like V.CAN today came out in late April early May 2009 which supported a price around $1.40  Around May 15th another news release came out showing high concentration and continuation ( which could be two weeks or so away here?) and the stock jumped to $5.50 .Then there was massive turn over of shares and of course the story continued to continue and eventually hit $12.00    
So jumping in and out is cool if you time it correctly but my experience says there is no such thing.

Consider this. Magambazi is one of three prospective zones having a combined strike length of 5.0-7.5km If these zones are comparable to Magambazi The overall potential of the Handeni project could be up to 10mil + ounces. I personally thing T.D. is sandbagging a bit and there is probably 4.5-5.0mil ounces in Magambazi alone. It's just food for thought but do you really want to be caught watching like the biggest portion of the original investors at Ventana??  Not me. I'm waiting until they drill the hell out of it and watch someone jump in and buy them out for $6.00 or more. They are buying a lot smaller resources today that are much more difficult to mine. This is a no-brainer once proven. JMO
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