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Saturday, April 9, 2011

Canadian Stock Alerts - Century Mining Corporation

I am writing this article today as Century Mining sites at about .20. It trades on the Vancouver Stock change under the sticker Cmm.

They are about to restart their Lamaque mine in Québec when their million dollar financing is announced, which is incredible in a news publish within weeks.

Kazakhstan

On May 22, 2009, a news publish reported, "Century is currently in receipt of a Us million financing underwriting commitment. Once a financing is accomplished it is incredible that the first gold will be poured within 4 months of start-up."

After the Bre-X fraud, a 43-101 was instituted. It essentially puts to paper in a detailed article what size of mineral quantity your property has. Bre-X had wild claims of 200 million ounces of gold in a foreign country. Back then there was pretty much no serious responsibility for these numbers. Investors bid Bre-X from pennies to as high as 0.00 an it split 10 to 1. Population made and lost fortunes trading Bre-X. This isn't a Bre-X flashback, it's a puny history as to why the 43-101 was started and it's importance today.

Century did their Ni43-101 back in 2008 proving over one million ounces of gold to exist on their Quebec property, which had already produced over nine million ounces previously.

Then of policy we had a shop meltdown and all crashed. Now, it's May 2009 and Century Mining is on the verge of restarting an already thriving mine, with sufficient gold to mine for many years.

When the financing is announced, they will be drilling within weeks. And drilling in mining kindly Canada, with their 43-101 in hand for any investor to research.

I say mining kindly Canada on purpose. On the morning of May 27, 2009 Canada's Uranium One (Uuu.To) traded over ten million shares, and watched the share price drop 30% based on potential illegal claims being sold in Kazakhstan, one of the world's biggest uranium producers. Buyer beware yes, but you still have to feel for the shareholders.

As you know I can not post links to help with your research, but I extremely advise you look at Century's website and also visit the Stockhouse message boards. Stockhouse has some very savvy investors sharing their Century research.

Canada's Century Mining Corporation (Cmm.V), like Orex Exploration Inc. (Ox.V) are both on the verge of positively great things in Canada's mining sector.

Canadian Stock Alerts - Century Mining Corporation

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