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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 Feb 21, 2011 1:39pm
404 Views
Post# 18169440

RE: RE: RE: my perdiction is

RE: RE: RE: my perdiction isIf you have a core position hold it until either they go into production os sell. One of the two will happen.  TD is saying $13.00  That is of course based on current speculation of ounces in the ground not Geita numbers. Probably it will spike and consolidate over the next year a fair bit as the market is just a mess but ultimately if they don't turn to gold for security where do they go? A smart trader can do well particularly as the president said he would double the drill holes by June 2011. There should be everything from OK news to spectacular and the corresponding responses. If Civil war breaks out in the middle east and it's not business as usual it's hard to say how much money might be removed from that region and moved it to safer havens. There is already a resurgence in Canada but perhaps that becomes more of interest this spring. Canaco could consolidate back to $5.00 short term but it could also be $7.00 in  a heartbeat. Smart traders can play those spreads and do some hedging. For me it's let the core ride.  I have about 10 mining stocks that I have done very well on. In every case but one had I held on to them even now I would have double and tripled from there. SVM is a classic example. You would think buying a $1.60 stock and selling around $20 ish would be tough to beat. Now it's at $40.00 equivalent after the three way split and guess what Silver is going ballistic and so likely will the share price and the dividends will increase. Just one example but I'm not making the same mistake with CAN.      JMO
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