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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: TheSlowLane who wrote (37221)1/28/2006 11:44:54 AM
From: baystock  Read Replies (1) | Respond to of 60906
 
Normally I don't like to chase gold stocks, but I think that in a $600+ POG environment, CMM would be a 10 bagger off its Nov lows. It looks like the CEO has ambititious growth plans for the benefit of shareholders in mind. From the company website, I realize talk is cheap, but this is coming from a management team with a very aggressive track record at the former Royal Oak mines:

Letter from the President: As a 20-year veteran of the mining industry, I know what it takes to make a company succeed. It takes dedication, focus and an unwavering commitment to excellence. It takes a talented team of mining executives and mine staff with an eye on one goal. For Century Mining, that goal is simple: create shareholder value. From my role as CEO down to the blast specialists, that goal is foremost in our minds and impacts every decision we make. Creating shareholder value means having clearly defined objectives and developing processes to help achieve the objectives. A core objective for Century Mining is to be the next million-ounce producer in Canada. Working toward that goal, we commenced production at Sigma Mine in February and recently announced a significant exploration project on the Sigma-Lamaque property to increase reserves and resources. To further facilitate the one million ounce production objective, we have exploration properties in Quebec, British Columbia and Alaska, some of which were formerly producing mine. The Carolin Mine in particular shows great promise based extensive data compilation and historical records. We believe that there are sufficient resources that can be upgraded to reserves to support the development of the mine. We expect the market to revalue the Company in line with our industry peers as operating results at the Sigma Mine meet expectations. This presents a unique opportunity for you, our investors. Century Mining is undervalued. In theory, purchasing 13.5 shares of Century Mining stock at 40 cents lets you leverage an ounce of gold for $5. What other gold mining company can offer you that? Don't miss this unique opportunity to invest at the early stage. Century Mining is on course to achieve its objective of being the next million-ounce producer in Canada and we are committed to delivering shareholder value. Sincerely, Margaret Kent CEO and President