Centurion Gold --CGHI-- Message Board

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Gold/Mining/Energy : Centurion Gold --CGHI--

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To: blind-geezer who wrote (37)	5/23/2005 11:57:18 AM
From: siempre	Read Replies (2) of 460

I found this part of the NEWS to be particularly interesting.. even if shares were 10% of the 10% CGHI would be more than twice as high as it is now....LOL... "Centurion's existing properties are valued at $2.76 billion and consist of gold resources of 1.74 million oz., with an estimated value of $739.59 million, 1.41 million tons estimated chrome resource valued at $105.75 million, 5,000 tons of tin resources valued at $40.45 million, and 2.18 million oz. estimated platinum resource valued at $1.88 billion. Traditional valuation methods of 10% of resources value the Company's current holdings at $276.26 million, or $2.53 per share. With the addition of the Uvongo South Rand Gold Basin deposit, Centurion will add 5 million oz. gold resource valued at $2.13 billion, nearly doubling the Company's resource assets; 10% valuation applies a value of $212.50 million to the property, thus increasing the per share value of Centurion to $4.13."

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