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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 tanzdevilon Oct 16, 2011 1:40pm
334 Views
Post# 19153874

Drill results

Drill resultsFolks,
I had to go to two separate sources to confirm Fridays closing price i.e. AFTER the drill results. 
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The observation of any causal stock picker would be that the more ounces CAN proves, the lower its share price goes. I have been pointing out to those interested that this stock is heavily shorted. The more experienced trader would be able to spot the same in a flash. The deal with shorting a stock is that one had better have info that no one else has. As far as CAN is concerned, all that those who are shorting this stock are doing now is compressing a spring. Anyone who has mounted a spring onto a 4*4 knows how easy it is to lose a hand if the compression slips.
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As far as I am concerned, I am still buying more CAN shares. 
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We have a lot, a lot, of cores in the labs AND an excellent drill program.
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The bottom line is that every drill result confirms and extends the gold deposit.
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