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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 pulverizeron Jul 18, 2012 2:14am
403 Views
Post# 20124514

RE: RE: RE: Current Valuation

RE: RE: RE: Current Valuation

I've been watching this one for a while, and I would speculate that that so called $95mil cash cow is being spent right now at a fast pace. The "staff" would still be "earning" pay-checks even though they don't have anything to do. This will do the same thing that the following stocks did: FPX, AMY, PLY, MLG, JAG, TLR, WLV, GMV, HUD, POP, BNK, GTP, PGD, FOS, CUV,RB,  WPX, CCE and more. Every one of these stocks promised the moon. Many shot up into the $2 to $6 range and every one of them blew up, crashed right back down below a dollar, some as low as 3 cents a share, all with the same M.O. as this one. All with pumpers telling people that "at this price it's a shoe in to be great by next season". I've been watching all of these for years. They are all now flat, face down, still pumping their song and still attracting dreamers who think this is better than the lottery. FPX for example, was going to be $5 to $10 within 2 years for sure said John Kaiser, so called well known and respected Analysts. He said that 3 years ago. It's 49.5 cents and has been for months. CAN is going to do exactly what every single one of the above stocks have done for the past 2 years. Nothing.

 

Here's to dreaming. 

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