Carib offers an even more optimistic take:

"

It may take some time to determine if the merger was a good thing for former Century shareholders.

I have read on numerous occasions where shareholders have contended that we lost 60% of our shares for very little value. This isn't quite true. We traded 39% of our interest in Century for 61% of White Tiger. At the time of the announcement this seemed like a very bad deal for Century shareholders based on a comparison of assets and it still looks one-sided. However that could change.

Today's announcement of a doubling of production at Savkino in 2 years is not to be unexpected. WTG announced some pretty good drill results after the merger announcement and have promised a 43-101 update before the end of the year.

In late September they also announced the first results of a 40,000 metres drill program that again showed some impressive results from Naskedkino. I expect we'll see more drill results soon and an updated 43-101 is scheduled for Q1 2012. The latest corporate presentation shows that design of an 80,000 oz/year mill will be complete in 2011 with commissioning scheduled for 2014. The mill is based on a modular design to allow for expansion.

So in 2015 we may have Lamaque at 100,000 opy, San Juan at 30,000 opy, Savkino at 40,000 opy and 80,000 opy from Nasedkino for a total of 250,000 opy. I can understand that there might be a lot of skepticism, but if it happens, trading 39% of Century for 61% of White Tiger will look like a pretty good deal.

Of course near term Lamaque is still the key and until it is proven to be a successful operation, news like today's news won't have a lot of impact. I'm not surprised that we haven't heard much yet, because really good news would bring into question how operations could be turned around so quickly after the merger. They need some time to claim that the injection of $25 million made a huge difference. I have to say that if Lamaque really did need another $25 million in addition to the funds raised earlier this year, there was little chance that someone else would have invested this amount of money into Century had the merger failed."