YellowLegalPad Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : YellowLegalPad

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: John McCarthy	4/9/2006 9:25:48 PM
	of 1182

Century Mining post on SH Where is the $25MM from the PP going? And where will the additional ~$7.5MM from the $0.51 warrants be spent? Lots of cash on hand now. They need money to pay off the Peru acquisition. That's C$5.5MM. Need money to fund Lamaque exploration. That's $6MM. Need money to buy the new Komatsu trucks. Thats $5MM. Need $2MM to buy back the royalty. That's about $18.5MM. They should get some cash from selling the used trucks. Perhaps $1MM? So that leaves about C$15MM in the kitty plus strong cash flows from S-L of C$2+ million a month. (8000 oz x $275 = US$2.2MM per month). By year end they should have about C$35+MM in cash with exit production approaching 200,000 oz. And with 200,000+ oz in '07, they should be seeing nearly $5MM a month in cash flow. So next year, they should be seeing about $60MM (at least) in cash flow. Or about 2.4x current market cap. Methinks this has 10 bagger written all over it un the next two years... The only thing I think that remains is the IQ debt that is of any size. Take another C$8MM off the table, worse case. That would still leave CMM with a cash position over C$25MM at year end and no debt. So CMM should be easily able to fund the ~C$8MM expansion in Peru and do a substantial drilling to prove up reserves into 43-101 compliant. And if Champune really does prove out grades and tonnages anywhere near the historical numbers, CMM may soon be Canada's "newest 1MM oz producer" in a few short years. The upside at current prices truly is astonishing. CMM will surely get respect and start to approach fair value as these projects progress this year. stockhouse.ca =========================== Investment Portfolio =========================== AZK / MNG / =========================== Cracker Jack Box Portfolio =========================== CMNZF.PK/CMM.V (producing) PRZFF.PK/PRZ.V (production starts Summer 07) BDRGF.PK/BGL.V (prodtion starts unknown 2010?) RDFVF.PK/RDV.TO (not producing) MUGRF.PK/MUG.V (prodtion starts unknown 2009?) =========================== Cracker Jack Box Portfolio Shares =========================== CMM'>http://www.siliconinvestor.com/readmsg.aspx?msgid=22321609&srchtxt=CMM =========================== Watch List of future production stocks =========================== CUSIF.OB 0.34 (producing in 2006) =========================== Nevsun Resources Ltd. (NSU) NSU.V (Soon to production 100,000 oz) =========================== NORTHERN STAR MINING CORP NSM.V (producing 2007 80,000 oz) Message 22301237 =========================== SAN GOLD RESOURCES CORP (SGR.V) SGR.V (producing in 2007?) ===========================

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next