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Candelaria Mining Corp T.CAN


Primary Symbol: V.CAND Alternate Symbol(s):  CDELF

Candelaria Mining Corp. is a Canadian gold-copper exploration company with a portfolio of two highly prospective projects in Mexico. The Company owns 100% of the Caballo Blanco and the Pinos Gold Projects. The Caballo Blanco license area is located on the eastern coast of Mexico in the state of Veracruz, 65 kilometers northwest of the city of Veracruz. The most advanced project in the license area is La Paila, which is conventional open pit/heap leach mining operation targeting approximately 100,000 ounces of gold production annually. The Pinos mining property and historical mining district is located in the municipality of Pinos, Zacatecas state in north-central Mexico near the town of Pinos, Zacatecas. The property lies 405 air-kilometers northwest of Mexico City and is 67 km west-northwest of the city of San Luis Potosi, 113 km east-southeast of the city of Zacatecas, and 85 km northeast of the city of Aguascalientes.


TSXV:CAND - Post by User

Comment by knowsnothing613on Sep 15, 2010 10:17am
305 Views
Post# 17450323

RE: RE: RE: RE: One Month House Position

RE: RE: RE: RE: One Month House PositionCAN has higher grades, and resource is @ narrow depth, making operating cost & capex lower for open pit mining, when compared to EAS.  However EAS has many drill holes to firm up the confidence level of the resource.

The only problem I have is the number of drill holes.  It's far too few.  The gold grade goes from 6g/t to 12g/t.  That's a lot of deviation.

You think CAN.v is frothy.  Look @ NTR.v.  up 300% in a month off of grab samples! lol. 

Most newbies think they'll get rich off gold stocks, but usually buy in too late, get burned, or end up holding the bag.  When I first started trading last year, I was a gold stock bag holder on more than one occasion. 

I've already seen 6 gold stocks go up 300%+, only to come crashing down, this year.   I'll wait for CAN to retrace--they always do.
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