I don't see why CMM would acquire any other companies.

I see CMM as a bootstrapping play. They have enough money from Peru (and Gospodin Moneybankski) to get Val d'Or up and running. With Val d'Or's profits coming in, they'll be able to redevelop their Peruvian properties into modern mines with proper production levels. This will certainly eat up a big part of their capital, so don't expect them to go on a shopping spree.They're developing the production required to exploit the gold they presently aren't exploiting.

CMM isn't an "early days" company, I think, it's a company that got flushed down the toilet by their own bad mistakes and has just now crawled out of a hole.

So I doubt there's any potential for a ten-bagger, like you'd dream about from an Agoracom exploreco. But it's a nearly definite two-bagger, from the opinions I've read here and there.

Anyone can feel free to wade in and correct me, but that's my take. My angle on CMM is it's a third of the valuation of EVG, but it's an actual producer instead of a pipe-dream exploreco. Nobody needs to justify Century's price the way they do an exploreco by saying "oh, a white knight will buy our properties", or "maybe we can do a JV!" or "share dilution isn't hurting us that much"; they have a hole in the ground that's pumping out gold bars again, starting April. None of this "ooh, they have a stake in the ground and they're drilling boreholes into dirt, maybe one day Barrick will do all their hard work for them" crap.