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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 fredstockhouseon Nov 29, 2011 9:22am
339 Views
Post# 19273826

Analysis - Trending Higher for CAN

Analysis - Trending Higher for CANNovember and December seasonally bullish for gold. Europe is quickly discussing and moving ahead with bold moves such as issuing "elite bonds and Eurobonds" and adopting oversite without holding referendums. In the US, 18 of the top 21 primary bond holders expecting the US to release a Q3 easing of at least 500 billion dollars in or prior to the first quarter for 2012. The fundementals for gold are getting stronger by the day and bullion could easily break $2000 with little or no notice within the coming days/weeks. CAN is a strong company with one of the bet balance sheets in the marketplace in the sector. With no debt, more than 130 Million dollars in the bank, and valuable mining assets, it is no surprise that CIBC has a target price above $5 for the company. As volume continues to pick up and money mangers pour their money into the market, deals like this one are going to be hard to find. Shares are certain to break through the $2 point and climb much higher in the next few weeks. Shorts will be covering and buying back which in turn will further push the share price much higher in the coming days There are many catalysts ahead. Fred
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