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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 pulverizeron Jul 18, 2012 2:14am
399 Views
Post# 20124514

RE: RE: RE: Current Valuation

RE: RE: RE: Current Valuation

I've been watching this one for a while, and I would speculate that that so called $95mil cash cow is being spent right now at a fast pace. The "staff" would still be "earning" pay-checks even though they don't have anything to do. This will do the same thing that the following stocks did: FPX, AMY, PLY, MLG, JAG, TLR, WLV, GMV, HUD, POP, BNK, GTP, PGD, FOS, CUV,RB,  WPX, CCE and more. Every one of these stocks promised the moon. Many shot up into the $2 to $6 range and every one of them blew up, crashed right back down below a dollar, some as low as 3 cents a share, all with the same M.O. as this one. All with pumpers telling people that "at this price it's a shoe in to be great by next season". I've been watching all of these for years. They are all now flat, face down, still pumping their song and still attracting dreamers who think this is better than the lottery. FPX for example, was going to be $5 to $10 within 2 years for sure said John Kaiser, so called well known and respected Analysts. He said that 3 years ago. It's 49.5 cents and has been for months. CAN is going to do exactly what every single one of the above stocks have done for the past 2 years. Nothing.

 

Here's to dreaming. 

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