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Gold/Mining/Energy : Century Mining Corporation -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (56)	5/5/2006 1:07:09 PM
From: pstad60	Respond to of 545

John: I'll pick what's behind door number ..... "no one knows (for sure) and we are waiting on a future press release to spell it out ..." But,... if you want to figure in the expected cash flow on an average 8,000 ounces per month that will be generated from the Sigma open pit operation once the new trucks arrive starting next month (Whatever prevailing gold price - US$325/oz cash costs) and then add in the $25 million in cash they just received from the latest financing, and then take into consideration, that when I last spoke with IR,.... I was told that the company has all the cash required for all planned development and acquisition costs contemplated for all of 2006. Then,.... if we're going to be blessed with what I consider a more reasonable share price valuation in the near to mid term, there's also that acceleration clause on the warrants that are attached to this last financing,... ---------------------------------------------------------- centurymining.com <em>"BLAINE, WA (CCNMatthews - April 5, 2006) - Century Mining Corporation (TSX VENTURE:CMM - News) announces a non-brokered private placement of units raising up to C$25.0 million. Each unit is priced at $1.25 and consists of one share plus one-half share purchase warrant exercisable at $2.00 for a period of 24 months. Warrants will become exercisable within 10 days if the 20-day weighted average closing share price exceeds $2.25. The shares will be subject to restrictions on resale for four months....</em> ------------------------------------------------------------ This warrant exercise would give us another $20 million in cash. My opinion only, but I think Century is pretty well cash-ed up for whatever plans they should be announcing once the San Juan Gold Mines deal is closed, and the company has already stated that some of the funds from the financing are going to be used for the Lamaque upgrade as well. But, considering the potential cash flow already at the Val D'or operations,.... I'd have to conclude that most of the new money is going to be directed at Peru upgrades and exploration.