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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 oilfiftybuckson Feb 15, 2012 12:03am
483 Views
Post# 19535471

Resource estimate is not far away

Resource estimate is not far away

Today was the bottom, I'm calling it, you will never get CAN cheaper again after today...period. Trading activity was all about shaking out the weak hands. Do you own DD and find me another company with 44 meters at 5 grams+ that is trading this low. I'm not a pumper, just statng the facts but when a guy name robster shows up who just so happens to create an account last week I have to laugh. I'm working on my own reserve estimate based onthe information on hand and $2MM ounces should be a cake walk. JMHO

 

Good luck longs, tomorrow's action will show everyone who was waiting on the sidelines to get in. NO DEBT, 120 Million in cash, strong assay results are coming in albeit very slowly, and analyst have keep their outperform ratings on all fronts.

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