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

To: pstad60 who wrote (122)	6/2/2006 2:35:23 AM
From: HotnSpicy	Read Replies (1) \| Respond to of 545

Tad- I found it interesting that Peggy said that the reason they wanted San Juan wasn't for the existing mine per se, but for the exploration targets like Golden Champune and Erika. I suspect that in the next few years that Sigma-Lamaque will be completely overshadowed by those big targets. I still am amazed that nobody seems to have picked up on what Peggy just bought in Golden Champune. 185MM tons of 1-3 gpt? Now that would be a company maker in and of itself. 6-18MM oz of low cost gold? Buy a mine and mill and targets like that for ~6MM and 1MM shares? Unreal. And you get the mine, mill and existing production for peanuts. With all that "sticky finger" gold now about to go thru the mill and CMM's pocket book, I suspect they may come close to paying off that purchase this year. 200% ROI? My kind of deal. I subscribe or have access to a few of these letter writers (Casey, Hard Rock, Gold Newsletter) and am astounded at the valuations they think are reasonable for rank exploration plays. They say buy Dynasty with $110+MM market cap? With no production and $25MM capex and a few years before they produce ounce #1? And the list goes on and on. Hell, if CMM proves up Golden Champune, they'd say $5sh would be reasonable even before they went into production. It makes no sense how they value exploration outfits. The Peruvian elections are on Sunday June 4. Looks like Garcia is the front runner even as Humala is backpeddling as fast as he can from the Chavista rhetoric.