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Message: Some thoughts on projections from the Conference Call

Some thoughts on projections from the Conference Call

posted on Jan 13, 2010 04:27PM

Century mining is projecting 113k ounces of gold in the year 2011. The cash cost on this is around $550. If we assume a PoG of $1100, this yields a cashflow of $550 per ounce or $62 Million dollars. Our current MC is .36x437M or 121M $. So we are currently trading at 2 times our next year's earnings. Either the market does not get how cheap this stock is trading at or it simply does not believe we will deliver those projections.

I believe we have the assets in the ground and have added the necessary talent on the BoD to deliver on those projections. When we do, our Share price will have some big catching up to do and we will all be greatly rewarded for our patience!!

This is not even taking into account that the price of gold should rise considerably IMO by June when we start pourring.

Glorieux

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Jan 16, 2010 08:05PM
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Jan 17, 2010 03:21PM
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