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Strategies & Market Trends : YellowLegalPad

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From: John McCarthy7/1/2006 3:34:45 PM
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Post from baystocks on SH.

I am posting this here more so because he references
Nevsun and Metallica and I don't want to forget their
names.

am always on the lookout for another producer that is as undervalued as CMM but am not having much luck finding one. The thing going for CMM is that it is very cheap based on its existing/near term producing assets (Sigma-Lamaque and San Juan) and you get projects with enormous upside (Golden Champugne, Erica, Santa Clarita) for free.
I have heard one analyst mention Nevsun and Metallica as two such companies along these lines. But I find neither of these as compelling as Century, which is selling for 1 times near term revenues (assuming that the can get to 200,000 oz without further dilution). Where else can you get a profitable producer for 1 times revenues ? And then you get these other company maker elephant sized prospects for free.

So until someone can show me another producer that is as cheap as Century Mining, yet with other enormous growth projects in the pipeline for free, I will stick with my current 5 junior holdings. These are CMM, CMM, CMM, CMM and CMM

stockhouse.ca;

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