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.

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Candelaria Mining Corp > Effect of Spin-off....

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Comment by ternovon Apr 19, 2011 12:44pm

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Post# 18454164

RE: RE: RE: Effect of Spin-off....

...and if you have a company that has a s/p of $4.50 and you give away 20%...you're left with a s/p of $3.60 (or $3.75 if we use your method of calculation).

Just for fun, if we were to use a figure of 20% as you suggested, then Tigray would be worth $178.6M based on the # o/s shares of CAN and it's "current" trading price of $4.58. Oddly enough, with 39M s/o (1 for 5 ratio), it's shares would be trading at $4.58, not $1.00.

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