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Message: Re: Good article from Northern Miner - Valley of Gold

Great article, thanks for posting it Maureen!

The only mistake they made was about Deutsh bank owning equity in the company, it does not. It is a Loan and LOC worth 33M that they have. The 33M has benchmarks attached to it, one of which is to run 14 days at 1200 tons per day. Once they hit this, they will get another 5M of that 33M. Maxim Finskiy is who they were referencing as owning that equity position.

I still cannot believe we are trading this low when in 3 months, we should average production levels of 100k ounces per year, at current gold prices and cost of production, that is 60M dollars or profit per year. At our current market cap, that is a PE of just above 2. I think we will all be very happy with our little investment here and I believe $1 by Christmas is a minimum, especially with Century's under promise and over deliver mantra.

Glorieux

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