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Candelaria Mining Corp T.CAN


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

Metals & Mining Gold
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

Candelaria Mining Corp
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Post by greymatteron Nov 30, 2010 7:12pm
385 Views
Post# 17780029

settlement?

settlement?So does this mean that the settlement will be very favourable to CAN and will be very minimal.  Based on the trading of the 2 stocks it looks like the settlement is in the $15-20million range which in the big picture is negligible for CAN...not the homerun SOC expected I guess 

or

No settlement - that doesn't make sense either as SOC would have tanked...

Don't know what to think of the market reaction............I think partly it is crediting the strong drill results on disputed land and even a settlement that enables CAN to move forward.  $20 million would be a little over 60cents/share for SOC...easily absorbed by CAN

I would be shocked if there is no settlement!!!!

Happy with the CAN stock movement though...hoped to make more in this play though.......nice!
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