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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 fredstockhouseon Nov 20, 2011 10:10am
400 Views
Post# 19252201

Analysis 300% + CAN

Analysis 300% + CANThe company has plenty of cash, an excellent balance sheet and no debt. The government in Africa is going to have to give them reasonable guarantees on margins and profits if they want the compay to spend the $130 million they are holding, create jobs and improve the economy. There is certainly going to be incentives and offerings to the company. The last thing they want to do is scare away investments. If CAN wanted to, they could take the money and go elsewhere. The shorts are throwing poison pills to kill the stock price. This is a great entry point to buy on the facts and fundamentals. Once the reserve has been established which is certainly going to be at least 3+ million ounces, the company will negotiate with the goverment for a mutally beneficial deal. If the government wants to play hard ball the company can sit on the mine and spend the cash on an aquisition provide strong shareholder value. I wouldn't sit on the fence. The share price is a giveaway and CIBC has an outperform with a target above $5. Europe will resolve itself at some point and money will start printing in Europe and in the US. Gold prices may fluctuate for a few more weeks. However, they are preparing for a spike upwards with strong support fundamentals. The world is not going to end. But this opportunity to buy the shares at a bottom price giveaway will. According to CIBC analysts we are looking at 400%+ returns on this one. I am looking more conservatively at 300%+ with a share price of $3.90 - $4.25. Fred
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