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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

Post by cyanide5on Aug 15, 2011 2:53pm
355 Views
Post# 18943814

SP??

SP??I am with you all in the frustrated camp. however, i believe this is not a time to sell but rather buy. They are expediting the drilling and i agree with all of you that we are not seeing results as fast as we should. I just dont understand why results are not being released as they were back in Dec-Feb 2010 period. May be they are holding them off until market settles and summer is over. May be... I dont know however the SP is half of what it was 6 months ago. We should be easily above $4 at 1 good result. So be patient... we know that they have gold and quite a good grade at that. Its a game of proving up the resource now and further drilling and results.

I wont be selling a single share below $4 and i am underwater as well right now just like many of you. I have been nibbling cautiously at these prices.
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