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Gold/Mining/Energy : Century Mining Corporation
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To: baystock who wrote (161)7/22/2006 5:08:31 PM
From: Scripts  Read Replies (1) of 545
 
I believe Sigma Mine hit a share price of $57 in 1980. So there is a lot of blue sky from a historical perspective as well as a couple of anchors.

First there is no wild-eyed enthusiasm for gold like there was in 1980 at least not yet. Second we have seen in our life time the rise to the share price heights and then a crash. Despite the forecasts of 1600 gold and more there is in the back of everyone's mind the need to not own anything gold related when the crash arrives

Finally there is the record of Century's CEO. As best as I can recall Royal Oak started a program of buying up low price properties shortly before the crash from $850 to $250. At the end or near the end was the control of Kemmess. The similarities are a little too strong not to be seen.

So even with the expected lower Sigma costs and the startup of the Peru properties, the weight of history seems to be damping our fortunes. Hopefully some good production results will focus investors on the present
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