Canadian Stock Alerts – Century Mining Company

Canadian Mining Penny Stocks

I write this text today as Century Mining sites at .20. It trades on the Vancouver Stock Exchange under the symbol CMM. They’re about to restart their Lamaque mine in Qubec when their $65 million buck financing is published, which is anticipated in a press release inside weeks.

On May 22, 2009, a press release reported, “Century is presently in bill of a US$65 million financing underwriting commitment. Once a financing is closed it is predicted the first gold will be poured inside four months of start-up.”

After the Bre-X crime, a 43-101 was instituted. It fundamentally puts to paper in an exhaustive report what size of mineral quantity your property has. Bre-X had wild declarations of two hundred million oz of gold in a foreign country. Back then there had been just about no heavy liability for these numbers. Financiers bid Bre-X from cents to as high as $280.00 an it split ten to one. Folk made and lost fortunes trading Bre-X. This is not a Bre-X flashback, it’s kind of history why the 43-101 was started and it’s signification today.

Canadian Mining Penny Stocks

Century did their NI43-101 back in 2008 establishing over 1,000,000 oz. of gold to be on their Quebec property, which had already produced over 9,000,000 oz formerly.

Then we had a market disintegration and everything crashed. Now, it’s May 2009 and Century Mining is on the edge of restarting an already successful mine, with enough gold to mine for a number of years. When the financing is published, they’re going to be drilling inside a few weeks. And drilling in mining friendly Canada, with their 43-101 in hand for any financier to investigate.

I say mining friendly Canada deliberately. On the morning of May twenty-seven, 2009 Canada’s Uranium One ( UUU.TO ) traded over 10,000,000 shares, and observed the share price fall 30 percent based mostly on possible illegal claims being sold in Kazakhstan, one of the planet’s largest uranium producers. Customer beware yes, but you still need to feel for the stockholders.

As you know I’m able to not post links to assist you with your research, but I highly suggest you look at Century’s web site and also visit the Stockhouse bulletin boards. Stockhouse has some very knowledgeable speculators sharing their Century research. Canada’s Century Mining Co. ( CMM.V ), like Orex Exploration Inc. ( OX.V ) are both on the edge of truly great things in Canada’s mining sector.