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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 kensinon May 18, 2012 4:05pm
268 Views
Post# 19927110

Charts

Charts

Show the stock market is in a free fall. Hopefully it will bottom at the 1200 level but a bottoming formation has not begun to materialize . On this basis I suppose one could buy Canaco because they are trading at a discount to cash and they have cut their burn rate to minimal and they could get their Chinese partners to bring Handeni into production for them while retaining royalty. You can't expect home runs anymore but in this market it looks like a solid defensive play. Consequently the last trade you will see could be mine at $.30-.31 through T.D. for 100,000 shares. Now we will see if my  logic is F.O.S. or not.

Have a great long weekend folks. Time to shut this thing off.

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