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

Bullboard Posts

Post by WonmanshowBMLon Feb 27, 2011 7:52pm

395 Views

Post# 18202557

I'm Out - R U Kidding Me

CEE will be hit harden than the average producer since the corrupt gov't owns a chunk of it.
The news says "Egypt has issued a ministerial decree immediately banning the export of gold in all its forms".
Read the words gentlemen "export .....in all its forms". That is all inclusive. Of course the mining industry will make up stories why it doesn't include them but that is not what is written.
CEE is a pure play so $1.00 may be a high for tomorrow not a low.
Heading for the exits until this thing blows over. That is the risk in foreign investing.

Bullboard Posts

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