PER of 10 does not accord with the reality of established producing gold miners.
Take a look at Randgold for example, they are around 45! and there are plenty of other similar examples amongst the tier 1 and 2 producers.
With a very large (world class) resource currently sitting at 11m oz, CNT will eventually be valued appropriately and with a likely doubling of capacity by 2011/2012 the market will bid it up in due course.
It just takes a bit of patience.
Also, having no debt and no hedge is a bit of a rarity amongst new producers.
CNT Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
