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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 Itcanbeon Feb 14, 2011 8:46am
330 Views
Post# 18127665

RE: I dont see why??

RE: I dont see why??We paid a tiny amount. A pittance. This is extremely positive news. It is still 40 minutes from market open and those bids should change by open as we should be up bigtime on this news. All uncertainty is now removed.

If we do not go higher right at the open then the only thing I can think of is that the market may be fixating on the 2% net smelter royalty, not paying attention to the _key_ fact that that tiny royalty applies only to that tiny piece of land. I'll be amazed if we are not way up today. And if not today then the uptrend should resume very soon once the market understands what fantastic news this really is.

If the market is clueless enough to bid this lower today then "Thank you market for the buying opp!"
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