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Candorado Operating Company Ltd. (CDO-TSXV) |
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January 7, 2011 Issue |
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The Most Powerful Name In Corporate News and Information |
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CURRENT ISSUE | COVER ARCHIVES | INDEX | CONTACT | FINANCIALS | SERVICES | HOME PAGE |
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With Three Main Copper-Gold Projects in The Quesnel Trough and Then Two Rare Earth Developments in Quebec, Candorado Operating Company Ltd. is Well Positioned for Future Growth |
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Company Profile:
Candorado Operating Company
Ltd. is a junior exploration company primarily focused on the Quesnel
Trough, located in central British Columbia. Our principal assets include
the Man -- Prime, Murphy Lake, Timothy Lake and Eldorado properties in BC.
Candorado also has additional projects in BC and several lithium pegmatite
and rare earths properties in Quebec. Mr. Reed is an executive with 18 years of experience with public and private companies, many of those years with oil & gas and international mining companies. As President of Candorado Operating Company, Mr. Reed's focus is to carry on the day-today operations, administration, and investor relations. |
Resources |
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Interview conducted by: Lynn Fosse, Senior Editor, CEOCFOinterviews.com, Published – January 7, 2011
Mr. Reed: The company’s focus is two fold. First, we have been exploring and developing copper-gold targets in the Quesnel Trough in central and northern British Columbia. We have in fact evaluated a very large land position in that geological trend and we have scaled it back now to three key projects being the Man-Prime, Murphy Lake and Red Chris projects. All these are along the same geological modeling and structures. They are copper-gold porphyry deposits and they have warranted additional exploration and their resources are defining every time we spend a dollar, we recognize that we need to spend another one. So we continue to develop those projects. Secondarily, our geological expertise and our qualified persons have evaluated and become very comfortable in rare earths and lithium exploration and development. We have explored those avenues and acquired additional claims for exploration and that brings us to where we are at today. The company’s projects and its development has led to its current structure, which is three main projects in the Quesnel Trough and the lithium and rare earths projects in Quebec.
CEOCFO: Do you own our properties outright and what is your philosophy about ownership and development? Mr. Reed: We have 100% of our Quesnel Trough, British Columbia properties, but the other two projects are earn in option agreements. We fully expect if warranted that we will also acquire those 100%, but initially we earn in on the projects. We raise the money, we have the expertise to go in and develop the projects to the point where they warrant further exploration or not. We have followed this process repeatedly in the past, and continue to follow that model.
CEOCFO: What is it specifically about the geology of these projects that gets you excited and makes you want to continue with it?
Mr. Reed:
The magnitude of the projects is exciting. Copper-gold porphyry projects
traditionally are massive multi-million ton deposits and the economic life
of them goes on for years, so that is where it becomes very attractive for
us and our CEOCFO: Where are you looking at lithium? Mr. Reed: That is in Quebec, where we have the Val d’Or project. It is right adjacent to the Canada lithium development in Discovery, which is well underway to feasibility. In fact, it is well known to host some of the best grade lithium in the country and in fact, the world I believe.
CEOCFO: Lithium is a very hot item now days! Mr. Reed: It is, as are rare earths. Fortunately, for us, our geological staff has been able to acquire an understanding of some of the keys to developing these projects. It is an exciting time as new discoveries are made and the industry develops. Our group is on top of it, we are keeping up with the progress that is being made.
CEOCFO: Are you able to pick up any additional projects? Mr. Reed: Absolutely! We are aggressive when it comes to potential targets, but of course, it all depends of financing.
CEOCFO: What is the financial picture for Candorado today? Mr. Reed: We always require financing at this stage of exploration and development. We are engaged in a flow-through financing right at this moment, in fact for further development of the Quebec projects and the B.C. projects. Of course, we require non-flow-through financings in order to continue to operate. The stock is presently at its lowest point in years and the recent activity is very encouraging as we have been able to get the interest of new investors. There has been a lot of activity in the stock recently and we are entering a new phase for the corporation.
CEOCFO: Is the diversity of projects a key factor for people looking at the property? Mr. Reed: Obviously, the copper-gold projects are very attractive to a number of investors because of the price and economic environment. Our projects are in known areas of historical production and have encouraging results to date. The Lithium and rare earths projects are timely due to growing demand and limited supply and expertise in exploration, so we are very fortunate to have the people that can acquire and develop such projects.
CEOCFO: In closing, why should potential investors pick Candorado out of the crowd?
Mr. Reed:
There are many reasons investors should pick Candorado out of the crowd.
Primarily, the company is undervalued at the current share price.
Additionally, we have evaluated massive claim blocks and refined them to our
current focus. Our projects results to date demand further development and
show signs of huge potential. We are poised for a big upside for
shareholders. |
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