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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 kensinon Feb 15, 2012 6:02pm
298 Views
Post# 19539923

RE: get the lead out guys

RE: get the lead out guys

I'm with you IKE   I wish someone would have called GTA here as one to watch. The nice thing about the speculative market is there is always another GTA around the corner.

Canaco. If you give them .55c for cash the in ground stuff is being valued at around .80c or the market is telling us the 43-101 will come out at about 1.5 mil ounces valued around  $55.00 an ounce.

So if it comes out at 2.5 mil then we should see $1.95  to get to $3.00 there would need to be  a 4.5 million resource and inferred. Clearly the market is saying it will be 1.) 1.5 million  2.) is giving nothing for upside potential 3.) believes not everything is Geo-politically resolved.

To rebuild this company they simply need to address these issues and they can have their market cap back.

I'm also thinking of getting in to  V.NGC on a pull back. Maybe V.GR as well. The market for Graphite is monstrous. The questions are many but number one , If the market goes the graphite route can it be supplied at a reasonable price?  Perhaps NGC will have the only decent large flake open pit mine with with open ended production capability at Bissett Creek. Will it be enough? 

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