Just some musings ...

Both companies trade on the TSX, but one is based in the States, and one in the British Virgin Islands. Would any of this significantly complicate a merger / takeover?

Also, perhaps CMM might be selling / optioning off part of its holdings to WTG instead? For example:

http://www.centurymining.com/s/USA.asp?ReportID=385614

"Century's other properties in the Juneau Gold Belt include the Yakima Property, Eagle River Mine, Sweetheart Property, Patton Property, Peterson Property, Dream Property, and Bessie Property. Century plans to option, joint venture or place the Alaska properties in another company to finance the exploration."