CTL 0.00% 0.9¢ centennial mining limited

At current production rates - around say 18-20koz per annum -...

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    At current production rates - around say 18-20koz per annum - given last quoted cost per ounce ($1125aud per oz) we are looking at circa $8-10m profit if gold holds 1600+ per oz AUD.. Opens the door to many more opportunities. These two little mines (A1 and Union hill) combining for around 30000 oz per year early on even moreso ($12-15m p/a).

    Convertible notes might be holding back the SP on this one - no one likes them, I don't really see them as an issue given the numbers - Also maturing late in 2018 so plenty of time.

    Heavily undervalued and at its bottom around these levels IMO.

    DYOR and GLAH
 
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