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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 infoseeker99on Jul 26, 2011 10:55am
298 Views
Post# 18873360

RE: Some 400K share cross or insider dump...

RE: Some 400K share cross or insider dump...Pat  You seem to be starting to panic a little. I heard from a very knowledgeable investor friend that a geologist
looked at Can's results to date and suggested 5 million ounces so far. Which is very close to what Kensin mentioned.  If that is anywhere close to being the case and the fact that slightly less than half the holes to be drilled have been reported, you may want to cover your short position as it will only be a matter of time before we see the SP reflect the real value of this stock.. Hypothetically if Can had  5 million ounces to date in a 43-101 we would be trading in the $8-10 range. What range would we be in when the other half of the holes are included in a 43-101 with a potential  7--10 million ounces? As mentioned earlier I would be happy if the first 43-101 showed 5 million ounces, but, happily I may be wrong.
always do your own DD
GLTA longs
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