Tuesday, February 9, 2010
Today's Trade Summary
No follow-up buying from yesterday's "Anonymous" buyer. Instead today was a more normal day with Cannaccord and Anonymous the biggest net sellers although neither were big sellers. It's still pretty sad to be trading at 32 cents when only about a year away from producing at a rate of 100,000 oz/yr. If the company can walk the talk, we should be multiples of the current share price a year from now.
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This projection would give us a P/E @ roughly 2. At that point we would be noticed and put into a more realistic pricing range consistent with a P/E of somewhere in the twenties. If nothing else, the tech playing search engines would pick up the signal even in a down gold market.
Bottomline: If Century Mining stays on plan, does not do anything weird, we, the current shareholders, are looking at a X10 share price increase.
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