Typically, analysts begin with a very conservative target price. As Century achieves significant production milestones over the next year, we will see the analysts increase target prices accordingly. Here is the detailed Union Securities document:
http://www.union-securities.com/CMResearchFiles/1_115_Century%20Mining%20Corp.pdf
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From the Union document:
``Based on our discussions with Century’s management, we anticipate that the
outstanding accounts payable will be paid in full by the end of June 2010, however, going forward, it will maintain a level of approximately $8 million in
accounts payable at any given time.``
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