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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 Mar 26, 2012 12:27pm
182 Views
Post# 19718163

RE: RE: RE: Company Valuation

RE: RE: RE: Company Valuation

That makes no sense whatsoever, DA. Their cash value will not get a multiple as until they become a producer, and produce income, their cash is a depleting resource. No one will give you a multiple of a depleteing cash position. They will be vauled on the quality of the oz in the ground and their cash position (no mutliple given to cash)  Once again DA can you tell us how they will tripple the 43-101 by the PEA in September.

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