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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 28, 2012 8:47pm
280 Views
Post# 19731112

RE: RE: Morgan Stanley Top Pick: GOLD

RE: RE: Morgan Stanley Top Pick: GOLD

Pat, it wasn't long ago that you admitted being short on CAN. I can respect anyone who is short and admits it, as CC has done recently. But when you go from short to long, I don't agree with pumping, it's obvious that you covered your short too early. I and other longs wish we sold earlier, but I won't pump unecessarily. I don't agree with pumping period. What you should not do is say this is a "world class deposit" the reality is, it will be a 2+ million oz deposit that they will have to make work. There will be no new major zones discovered as we would have heard about it by now. Lets accept this deposit for what it is and management needs to move on putting it into production ASAP. They need to spend the $100+ million wisely and work on maiimizing shareholder value, and communicate to shareholders on a timely basis.

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