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Gold/Mining/Energy : Centurion Gold --CGHI-- -- Ignore unavailable to you. Want to Upgrade?

To: siempre who wrote (38)	5/23/2005 2:47:09 PM
From: blind-geezer	Respond to of 460

they are magicians ... dude, one day we will find out if we get duped <ggg>

To: siempre who wrote (38)	5/26/2005 10:15:20 AM
From: blind-geezer	Read Replies (1) \| Respond to of 460

dude, it is getting even more interesting with today's news ... Centurion's existing properties are valued at $4.89 billion and consist of gold resources of 6.74 million oz. with an estimated value of $2.86 billion, 1.41 million tons estimated chrome resource valued at $105.75 million, 5,000 tons of tin resources valued at $40.45 million, and 2.18 million oz. estimated platinum resource valued at $1.88 billion. Traditional valuation methods of 10% of resources value the Company's current holdings at $488.76 million, or $4.13 per share. Fulloutput 259 will add 351,000 oz. PGM resource valued at $217.62 million (based on a PGM basket price of $620/oz.), to Centurion's existing platinum resource; 10% valuation methods value the property at $21.76 million, thus revaluing the per share price to $3.79. you add more property, but the per share value drop from 4.13 to 3.79 ... no wonder the stock is dropping today <ggg> well, let's try our own calculation from the figures above $488.76 million market cap equates $4.13 per share so $488.76+$21.76=$510.52 million equates $4.31 per share can you say undervalue at merely 22 cents a share !!!