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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 nightcountry1on Sep 23, 2011 8:49am
405 Views
Post# 19075597

Considering Canaco

Considering CanacoDid anyone watch the presentation at the Denver conference? Looked pretty impressive to me. Company seems focused, well financed and moving along their projected pathway. Yes the stock price is depressing beyond belief but how many juniors or how many stocks in general can you say the same thing about. They can't control that. So if you think this company has a future and they have resources and the smarts to realized their stated goals, then you should be buying here. If not, then keep dumping it at the bottom and see how it feels when they announce their preliminary reource estimate in Q1 of 2012. I mean how much further can it drop? To 0? I suppose, but ask yourself what is the risk reward? 2 bucks to the downside versus much more than that to the upside. Seems clear to me. GLTA
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