Centamin Ord Shs T.CEE

Alternate Symbol(s): CELTF

Metals & Mining Gold

Centamin plc is a Jersey-based gold producer. Its assets include Sukari Gold Mine, Doropo Gold Project and ABC Project. The Sukari is a bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160 square kilometers (km2) tenement. The Doropo Project consists of seven exploration permits, covering an area of over 1,850 km2. The Doropo Project is in the northeast of Cote d’Ivoire, over 480 kilometers (km) north of Abidjan. The ABC Project is in northwest Cote d'Ivoire, over 550 km northwest of Abidjan and 460 km west of Centamin's Doropo project. Its EDX Blocks comprise 3,000 km2 of greenfield exploration tenements within the Egyptian section of the Arabian Nubian Shield. The land package is divided into three blocks: Nugrus Block, which covers over 1,086 km2, Um Rus Block, which is located 50 km north of Sukari, and Najd Block, which is located 100 km northwest of Sukari in the Central Eastern Desert.

TSX:CEE - Post by User

Centamin Ord Shs

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Post by chengjooon Dec 30, 2007 6:37pm

299 Views

Post# 14134216

cee - undervalued

CEE has Measured and Indicated Resource of 7.46 million ounces and Inferred Resource of 3.7 million ounces.
Detour Gold (DGC-T) has Measured and Indicated Resource of 4.8 million ounces and Inferred Resource of 3 million ounces. DGC's SP is $12.35
Aurelian (ARU) has Inferred Resource of 13.7 million ounces gold and 22.4 million ounces of silver. Its SP is $7.83.
The market price is reflective of control by big funds on the latter two stocks propping up their SP's. CEE is clearly undervalued and has gain no respect for now. It cannot stay down for long as among the three it is the closest to production this year. Sprotts have I believe a position in CEE

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