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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

Post by cyanide5on Aug 15, 2011 2:53pm
351 Views
Post# 18943814

SP??

SP??I am with you all in the frustrated camp. however, i believe this is not a time to sell but rather buy. They are expediting the drilling and i agree with all of you that we are not seeing results as fast as we should. I just dont understand why results are not being released as they were back in Dec-Feb 2010 period. May be they are holding them off until market settles and summer is over. May be... I dont know however the SP is half of what it was 6 months ago. We should be easily above $4 at 1 good result. So be patient... we know that they have gold and quite a good grade at that. Its a game of proving up the resource now and further drilling and results.

I wont be selling a single share below $4 and i am underwater as well right now just like many of you. I have been nibbling cautiously at these prices.
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