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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 aardvarkson Dec 14, 2010 7:39pm
356 Views
Post# 17846881

1 billion market cap

1 billion market capThis stock has had a great ride, and nobody should be disappointed, unless you bought in the last 2 days, lol.
I don't post much, but I sold out 2 days ago on the stall, and am going to wait.  The market cap is rich for any
explorer, and it needs time to flesh out, to get to mining and put money in the bank, and so on and so forth.
Many are correct in saying that right now, a lot of it is speculation.  Only a 43-101 can put the seal of certainly on the
ounces in the ground. 

It's now up to the company to flesh out the project, put up the money needed to get to the point where it's either
mined or bought out, and then present what they have to the shareholders.  This takes TIME.  In the meantime,
I am sure the market cap and story has not escaped the shorts with this price, and any weakness in the POG
may attract quite the sell-off.  I'll be waiting near the bottom if that is the case.  Nobody buys and holds forever.

Good luck in all your investments!

Cheers
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