From another board - Hedgehog Trader Newsletter Alert
posted on
Nov 03, 2010 10:36AM
Hedgehog Trader Newsletter Alert! (HHT) Sept 17 2010 Hedgehog Trader Buys Century Mining Corp! CA: CMM.V $0.48 US: CMNZF As this gold bull market heats up, we are going to see spectacular gains from small miners and today we are adding shares of a deeply undervalued and fast-growing Canadian gold producer. Here’s what I like: Century Mining has two producing mines, one in Peru (St Juan Mine) and a newly
opened mine in Quebec (Lamaque). At 100% owned Lamaque, they have inferred resources of over 5 million ounces of gold and are targeting production of 45,000-50,000 ounces of gold in 2010 (cash costs $575-$600) and are looking to ramp up gold production quite aggressively, to 100,000 or 110,000 ounces once full production is underway by 2013 (cash costs $450-550). In Peru, they are producing 20,000 ounces per year and are looking to increase it to 30,000 ounces in the next 18 months. In addition, there is excellent exploration potential on their Quebec property where they own 21.5 sq km of contiguous claims and in Peru where they have 220 sq kms. With production set to rise rapidly, it is no surprise that our Alpha signals suggest a major rise should ensue over the coming months!