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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 silvertonon Mar 20, 2012 9:15pm
389 Views
Post# 19697612

CAN at a $1

CAN at a $1

The $100 M cash,  that  was raised at 5 times the SP today. How many juniors have 13 drills turning, let alone anyway to finance their operations in today's capital markets without severe dilution. NO insider trading in the last 6 months. The cash burn rate can be sustained well into the future. Shaping up to be a takeover target. Tanzania near the top on geopolitical risk in Africa. Seems like a natural for an African Barrick. What do you get for a buck today?

 

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