Candelaria Mining Corp T.CAN

Primary Symbol: V.CAND Alternate Symbol(s): CDELF

Metals & Mining Gold

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

Candelaria Mining Corp

<< Previous

Bullboard Posts

Next >>

Post by Easy2Mineon Dec 17, 2012 11:13am

286 Views

Post# 20739822

African Jr Insider Buying

Big Insider Purchase @ $0.225

https://www.canadianinsider.com/node/7?menu_tickersearch=axm

AXM Chairman buys Shares:

On Nov 17, 2012 David De Jongh Weill Purchased 200,000 shares in the Open Market @ $0.225

AXM is a Developmental Stage Junior sellig at a substantial discount to the NPV of its Deposits, and not to mention the Vast upside via exploration on its Properties.

Major companies know it is easier to Buy resources than to discover them.Shareholders of these Larger Companies are now voicing to Managament that they do Not want to see them BUY 20 Million ounces at 5,000m in teh Andes only to have to spend $7 Billion to bring the Deposit on to Generate 8% Internal rate of Return (IRR) with a 7 -year Payback. They now prefer something that Generates 30% IRR with reasonable amounts of Capital where you get Payback in three years.

Now you See Why I like AXMIN and their Deposit.

The Beauty of this current Market is that peoples expectations are so low that when Real News Arrives....The Upside will be Substantial.

AXM is an advanced Junuor with not only a PEA but alos a BFS(Bankabe feasibility Study) completed. It usually takes a few years to attain these Designations for a Deposit. A Completed BFS gives legal cover to outside directors of an acquirer. It takes courage to take out a company with only Just a PEA.....but with a BFS in hand (Like AXM has) you are covered. The Prfessional risk to the acquirers' board of directors is effectively eliminated.

PS> Don'tt think for a minute that AXM's Largest Shareholder will allow a Takeover of AXM;s deposit at these Low Levels. The Upside should be substantial to entice. $50 Million would IMO be a LowBall Offer with the current Share Structure....or Just Shy of a $1.00 per share