I share your frustration in the lack of movement in the share price. I have been a share holder of CMM for over five years and remember when it traded over $1.20 per share.

I believe that it will take a few more quarterly results and the appointment of a CEO with strong leadership and communication skills as well as a demonstration of the ability to reach target production rates and costs before we see the share price moving to a value that more accurately relfects the operations value.

Some things to consider in the mean time,

1. Most significantly, the news release from the company dated September 27, 2010. This stated the results from the recent drilling at the Bedard dyke and the fact that the gold found there is not included in the current proven and estimated mine reserves! - The bolding is my own.

"The Bedard Dyke drilling continues to delineate high grade mineralization not currently within the Company's existing Proven and Probable reserves or Measured and Indicated resources at Lamaque, which exceed 2.4 million ounces of gold. Our operating team will soon be producing tonnes from the Bedard Dyke, which we expect to be a key component of our development plan for the Lamaque mine," commented Keith Hulley, interim CEO. (www.centurymining.com)

2. As of 13 August 2010 there are 366,934,444 issued and outstanding shares for cmm. Average trading a day for this company is just under 600,000 share per day. That is less that 0.1% of total shares traded per day. There are alot of people just sitting and waiting.

3. Let us assume that CMM is able to secure an average gold contract price of $1,300 per ounce for next year. And if they reach their target of over 100,000 oz/AU mined for the year with an average production cost of $600/oz then there is the potential of the shares trading at $1.90 (at 10X earnings). NB. bear in mind point 1 and the September corporate presentation has estimates of Lamaque production 80-90K oz. and San Juan at 24K oz. (Century Mining Corporate Presentation September pg. 7)http://www.centurymining.com/s/Presentations.asp

So yes I do think this stock has upside. Time with this stock may just be as precious a commidity as the gold itself.

Carpe diem, quam minimum credula postero