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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 infoseeker99on Mar 28, 2012 8:47pm
284 Views
Post# 19731112

RE: RE: Morgan Stanley Top Pick: GOLD

RE: RE: Morgan Stanley Top Pick: GOLD

Pat, it wasn't long ago that you admitted being short on CAN. I can respect anyone who is short and admits it, as CC has done recently. But when you go from short to long, I don't agree with pumping, it's obvious that you covered your short too early. I and other longs wish we sold earlier, but I won't pump unecessarily. I don't agree with pumping period. What you should not do is say this is a "world class deposit" the reality is, it will be a 2+ million oz deposit that they will have to make work. There will be no new major zones discovered as we would have heard about it by now. Lets accept this deposit for what it is and management needs to move on putting it into production ASAP. They need to spend the $100+ million wisely and work on maiimizing shareholder value, and communicate to shareholders on a timely basis.

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