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

To: jrhana who wrote (419)	6/2/2007 11:04:07 PM
From: hubris33	Read Replies (1) \| Respond to of 545

From this seat it looks like CMM needs a good engineer, like Peter Tagliomonte to get their properties into top operational shape. Sigma Mine was down graded on the CC yesterday to 60,000 to 65,000 opy. Sounds like Rosario needs some engineering work/studies to ramp up and one has to wonder what CMM has been doing at San Juan when they've owned it for a year and are just up to 250 tpd. Lots of hope and potential in this one, IF they can meet the engineering challenges. Sadly, so far the performance record has not been too exciting. If CMM turns that around their properties have potential. Also, I note in 1st quarter CMM's cash position slipped and they deferred payment on the Sigma loan. I think CMM has a fair amount of debt between lease payments and debt on mines due this year. Cash flow should be interesting to watch. H3