Century Mining Corporation Message Board

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Gold/Mining/Energy : Century Mining Corporation

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To: hubris33 who wrote (490)	6/27/2008 1:31:13 PM
From: baystock	Read Replies (2) of 545

>Got any insight into the loan process and CMM's prospects?< No new insights really. Sinclair continues to insist that we will see $1200 POG this year. With millions of ounces of gold resources CMM can make a ton of money at those prices given adequate capital and competent management. Clearly current management is lacking in competence. But with Lamaque having the potential to be a cash cow at $1200 gold, may be they will qualify for a debt financing. After all banks are in the business of lending. And at 100,000 oz per year production with $700 per oz profit margin, Century could pay off a $50-70 million loan in one year from the cash flows.

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