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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 ANBCAon Aug 15, 2011 11:31am
288 Views
Post# 18942509

Slow Road to Riches

Slow Road to RichesInfill drilling is not going to produce huge spikes in the share price.  However a good 43-101 will help to ascertain a benchmark for the resource and a NAV for the company.  After this as the resource is firmed up and grows from the initial estimate we'll see the price appreciate until there is a take out offer or a go ahead to mine. 

This is just my opinion but I think that .50 cent and $1.00 moves will be few and far between going forward.  It will require "real" news or "substantive" change.  A TSX listing will be a great boost to maintaining and realizing value moving forward. 

I expect this to play out like Ventanna did.  $12 to $13 a share.  But it won't happen in a week or a month.

JMHO

Good luck everyone.

A

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