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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 infoseeker99on Jul 26, 2011 10:55am
299 Views
Post# 18873360

RE: Some 400K share cross or insider dump...

RE: Some 400K share cross or insider dump...Pat  You seem to be starting to panic a little. I heard from a very knowledgeable investor friend that a geologist
looked at Can's results to date and suggested 5 million ounces so far. Which is very close to what Kensin mentioned.  If that is anywhere close to being the case and the fact that slightly less than half the holes to be drilled have been reported, you may want to cover your short position as it will only be a matter of time before we see the SP reflect the real value of this stock.. Hypothetically if Can had  5 million ounces to date in a 43-101 we would be trading in the $8-10 range. What range would we be in when the other half of the holes are included in a 43-101 with a potential  7--10 million ounces? As mentioned earlier I would be happy if the first 43-101 showed 5 million ounces, but, happily I may be wrong.
always do your own DD
GLTA longs
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