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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 ANBCAon Nov 14, 2011 9:52am
326 Views
Post# 19234897

RE: Where is Andrew Smith?

RE: Where is Andrew Smith?What do you want him to say?  We know they're working on the Resource Estimate and this takes time.  They stated a week or so ago the land issue is settled.  Unfortunately the markets are not as buoyant as they could be and we're taking a shiiit kicking.  I expect these share prices to continue until the Tax Loss selling is complete.  The lower the share price goes the more jump on board for the Loss.

When the tide turns and the 43-101 comes out as many have said showing 3 or 4 million ounces Plus,  the share price will show some life.  A good many who sold for Tax reasons will want back in.  I expect late December and January should see some solid momentum build.

Those are just my thoughts.  I trimmed some share off a while ago and will hold the remainder until the Resource Estimate is complete. 

JMHO

A
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