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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 infoseeker99on Dec 14, 2011 11:02am
270 Views
Post# 19321044

Change direction

Change directionCanaco should think about changing its focus. At these low prices, a fair buyout is unlikely. They should focuse at putting the Magambazi into production as soon as possible after the 43-101 and PEA. Get that going and generate cash flow then do regional drilling after that. Bellow is part of a NR from Tanzanian Royalty Fund. They made the government part owners and that seems to fast tract the process. They don't have to make them 45% partners like below but they should look at a smaller percentage. Why grant millions of options at low prices and add to the dilution. Why not give the government a percentage instead, at least it generate something positive. I would rather own shares in a company that holds 70-80% of a producing mine, with lots of upside potential. Somehow I think greed will prevail and they will grant themselves cheap options

ALL IMHO

The government has assured the Company that the mining license application will be given priority and the minister confirmed he had "instructed the Acting Commissioner for Minerals to expeditiously process the application for the enlargement" noting that the project  is a "role model which must receive our utmost cooperation and attention."



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