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Gold/Mining/Energy : Century Mining Corporation
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To: Scripts who wrote (162)7/24/2006 8:19:40 PM
From: baystock  Read Replies (1) of 545
 
>I believe Sigma Mine hit a share price of $57 in 1980.<

I think this was for the Sigma Mine alone. Century now owns both the Sigma and Lamaque mines which are adjacent to each other. I believe in those days (or not too long after) Sigma was under Placer Dome and Lamaque under Teck.

>At the end or near the end was the control of Kemmess. The similarities are a little too strong not to be seen.<

One major difference between then and now is that during the Royal Oak acquisition spree gold was in a bear market rally/bear market, but now Century Mining's emergence is coinciding with a bull market with still many years left to go. Of course if you don't agree with my belief that gold is in a bull market, then high cost mines such as Sigma-Lamaque should be avoided like the plague.
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