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Message: Who is Erica

Who is Erica

posted on Mar 31, 2010 05:29PM

This is from a post by Production 05 on the www.stockigloo.com website. If anyone is new to this stock, I highly recommend you venture there for some of your DD. Great posts, very well organised that covers every aspect of Century. There are some valuation comparison on it as well that shows lesser projects valued at more than double what our current market cap is. I have a feeling these low prices will not be around for long and bought more shares today.

From a T/A prespective, we are sitting on a "Cup with a handle" situation which if we can cross that 46 cents barrier with some volume will pull traders in big time. I am hoping that the next 2 NR coupled with the anticipation of first pour will do it for us.

Here is the article on Erica:

I had thought the geologists were thinking that Erika would be a 500,000 tonne deposit (as a super conservative first find) to start with and then the geologists would expand substantially their estimate as they gather more info. But, I figured it would have a slim chance of growing into a giant deposit.

It kept bugging me (over and over) that the geologists would have such a low starting point (even for a conservative starting point). As such, I decided to go back to double check all of the info.

It`s not 500,000 tonnes. Our geologists are thinking that our Erika copper-gold-silver system should have at least 500,000,000 tonnes. If it turns out to be correct (only after serious exploration efforts) then this will be huge - indeed, maybe a world class system afterall.

From Century`s March presentation:

``Erika >> Copper-gold-silver porphyry system in excess of 500Mt``

I also confirmed it from the last conference call (still on Century`s website). Peggy says ``500,000,000 tonnes``.

Here is the size of the other world class Cu-porphyry systems in the Southern Peru belt.

*Zafranal (50 kilometres from Erika) - will be large when 43-101 comes out

*Cerro Verde - 595,000,000 tonnes

*Cerro Negro - 64,000,000 tonnes

*Cuajone - 1,273,000,000 tonnes

*Quellaveco - 974,000,000 tonnes

*Toquepala - 770,000,000 tonnes

Century geologists must be thinking that there is a huge system (underneath, but near-surface). There was a thought in one of the SJ 43-101 reports that this could be a possibility (I remember reading it).

Again, insufficient work has been done on Erika to firmly conclude that 500,000,000 tonnes is definitely within the Erika system. However, it is optimistic that our geologists are thinking that this is likely the situation with Erika. They have the expertise. Also, we are perfectly located (perfect address) within the Southern Peru belt for this type of deposit. The Zafranal discovery is proof of that. We have the same geology as the Zafranal property. I also remember reading (and seeing a diagram with surface rock samples) that suggests Erika`s strike area likely branches out for 1 or 2 square kilometres.

Glorieux

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