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Gold/Mining/Energy : Century Mining Corporation

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To: tanoose who wrote (262)	10/29/2006 1:15:24 AM
From: John McCarthy	Read Replies (1) of 545

Hi tanoose here is what has got me SPOOKED about CMM .... its San Juan ...... my fear is that by the time we have owned it for 1 year - we will have not put forth any capital expenditure $$$ to upgrade its tpd ..... and consequently are looking at a MISSED i.e. revised downward production estimate for 2007 San Juan production ..... -and- this is being done with malice aforethought ... Peggy's MO is this - (a) When will have the trucks ... call up the truck company and put their estimate out in an NR or update (b) When will we have permits .... call up the Peru thingajig and whatever they say .... put it out in an NR or as an update on a CC (c) Whats the timeframe for waste removal .... put out a number .... then put out another number when asked the same question a month or so later ... this whole attitude has an ENRON feel to it ... any thoughts you or Tad have on San Juan capital expenditures would be appreciated ... FWIW >>>>>>>>>>>>. dilution for the solution??...... believe it or not this company needs more of it, so when they do get on the "TSX"?? there will be plenty of liquidity for the much vaunted and of course courted institutions that require such?? >>>>>>>>>>>>. not in any MBA class that I had .... but once heard heard a biotech company president offer a similiar suggestion as he dragged his biotech firm down ... regards, John

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