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Strategies & Market Trends : YellowLegalPad

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From: John McCarthy	2/28/2006 4:21:29 PM
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AZK/MNG/CMM.V/IPT.V/MUG.V Century Mining (CMM.V) This is an absurdly undervalued. Restarting a mine in Quebec in the extremely prolific Abitibi region. Mine has historical producton of 9MM oz. Has 850K oz reserves, with a highly likelihood of a large upward restatement. Now they have converted to open pit, but it looks as if they will restart underground mining again with these higher prices (mineralization runs pretty deep). Market cap of about C$35MM. for 850K oz (WOW!). Gold prices are obviously sky high the company is driving production costs towards C$350 an oz. With gold prices where they are, that's C$300 of gross profit per oz. Pretty compelling. Take a look. The stock has had a nice pop this week, but it has nowhere to go but up. www.centurymining.com Message 22122554

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