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Date Posted: 01:30:00 01/03/04 Sat
Author: siempre
Subject: Jay Taylor on CGHI

With the coming gold boom, this stock will explode in value, driven by
two powerful forces— rising demand for gold and abundant production from
proven gold fields.

Name of Stock : Centurion Gold
Holdings, Inc.
Symbol : CGHI
Possible Price
Target : $8.00 - $9.00 within
6 months
$18.00 -$23.00 within 1 year

This is an aggressive recommendation,
not for everyone. But if you’re looking
for significant profit, this stock may be
worth the risk of $3,000 to $5,000.
However, to minimize your overall
exposure, I recommend you limit this
stock to no more than 5% of your
portfolio.






Clean up is a common process for extracting gold from the machinery and shafts of a mothballed gold mining operation. At the new mine site, metallurgical reports put the immediate net yield at 1,672 ounces of gold. This extraction process will be completed in the first 3 months of operation.
South Africa sits on the largest gold reserves in the world, estimated at 40,000 tons, about 40% of the world’s known reserves. espite this, South African gold production has been at its lowest level in almost half a century. The entrenched mega-mine companies that dominated South African mining have simply gone elsewhere, leaving behind mothballed sites that are rich with gold.

Now, the South African government is taking dramatic steps to change that.

In a remarkable turnaround of the status quo, South Africans have told the old mining companies to get to work or get out. As a result, many of the old guard simply chose to pull up stakes rather than re-engineer themselves to meet the requirements of modern mining practices.

This situation is as unique as any I’ve seen in 30 years. Today, South African gold mines with substantial documented reserves
are being re-opened by aggressive, profit-minded new companies. The old companies are no longer in play.

With that news,
Gold leases are being given to
aggressive new players at up to
50% discounts against prevailing
worldwide lease rates.
Hundreds of rich mines are up
for grabs as new players zero in on
the emerging opportunities.
Centurion Gold Holdings is
racing to lock down the very best
leases today, before the big run.
At the same time…it’s extracting gold on existing fields, making money now!















Tailing dumps contain usable concentrations of unrecovered gold. The new site reports dump grading at .06 ounce per ton, sufficient to profitably extract with technology not used when the mining was underground. This extraction process will be completed within the first year of operation, yielding about 19,000 ounces of gold.

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J Taylor’s Gold & Technology Stocks
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Centurion Gold management was well aware of the emerging opportunities. About a year ago, they zeroed in on a modest-sized site, the Omaruru Mine, and put it back into operation.

Once Centurion moved in, this inactive mine began producing gold almost immediately. New technology made it possible, and stock prices shot up to stabilize at around $2.10
on this mine’s emerging performance. It also established Centurion as a capable performer, setting the stage
for more lucrative claims.

Now, Centurion has locked the deal of a lifetime, the Sudwalaaskraal Mine. This inactive mine, holds
12 million ounces of gold in reserve. Centurion is about to open the gates on this site and when it does, a flood of gold could pour out within a matter of months!

This, coupled with the ongoing rise in the price of gold, makes Centurion Gold a tremendous BUY opportunity for you right now.
Immediate, substantial cash flow will hit Centurion books in the first 3 months of operation as Sudwalaaskraal Mine clean up and tailing dumps are scoured for gold!

Wait until you see the numbers! About 19% of the gold reserves on this site can be taken from tailings and clean up! It will be a great start by any measure. But the

best will come on the heels of the first year’s production.

In total, the Sudwalaaskraal Mine has gold reserves totaling 12 million ounces. To put that lode into perspective, 12 million ounces is…

…sufficient on U.S. soil to put Centurion in the top ten of American mining companies.
When this all becomes public, the value of this company should skyrocket…

Making this stock a potential 1,000% gainer inside a year!

A modest $1,000 investment could leap to $10,000 in value…

And if you invest $10,000, that could swell to an eye-popping $100,000 or more.



Here’s why I see this happening soon, and why I think this is a strong buy for an aggressive investor.

Keep in mind that when I talk about gold “reserves”, I mean gold that is either “proven” to be in the ground, or is “probable” to be in the ground.

The reported numbers at this site are staggering. Mine reports reveal that this site holds 12 million ounces of gold reserves. An impressive number for sure. What’s more impressive? Centurion has locked the buy price at around $2.50 an ounce! That’s at least one-half the rate it should be anywhere else in the world. The profit potential here is enormous!

Centurion’s buyout deal is pending final wording of the cash/stock exchange. And once that’s completed, production will begin almost immediately! That in itself is extraordinary, as it often takes years for a new mine to get up and running.
In this case, the physical plant is ready to go in a matter of days. Capitalization costs to get started are minuscule, as the equipment and infrastructure are in place. Modest upgrades and maintenance will have this operation going in no time.

And getting the first gold could be started with a shovel. In fact, the first gold is literally just lying on the ground.

According to mine reports, the new mine will yield over 18,300 ounces of gold from tailing dumps and clean-up operations in the first year.

Coupled with their existing, ongoing operation at their first mine, the Omaruru Mine, profits can begin flowing in the first year. Here are Centurion’s profit figures based upon current and projected operations:

Omaruru Mine
Sales Net
Year 1 $1.5 mil $450,000
Year 2 $3.0 mil $900,000
Year 3 $3.0 mil $900,000
Year 4 $3.0 mil $900,000
Year 5 $9.0 mil $3.0 mil

New Mine
Sales Net
Year 1 $1.5 mil $690,000
Year 2 $2.6 mil $780,000
Year 3 $2.9 mil $870,000
Year 4 $2.9 mil $870,000
Year 5 $2.9 mil $870,000

Total
Sales Net
Year 1 $3.8 mil $1.14 mil
Year 2 $5.6 mil $1.68 mil
Year 3 $5.9 mil $1.77 mil
Year 4 $5.9 mil $1.77 mil
Year 5 $11.9 mil $3.87 mil

If this seems incredulous to you, believe me, I shared that incredulity as well.

That’s why I checked and double-checked their figures, talked to senior managers, and exchanged a flurry of emails to get at the right answers.

But the story behind all this makes sense, particularly with the South African push to get gold mines producing again.

Previous owners at these sites had been operating for decades, but shut down when the engineering challenges rose and easing pickings declined. New technology (and rising gold prices) will easily make these mines profitable again. But when pushed by the government to produce or get out, they walked away.

And like a baker who never cleaned his kitchen, they left golden flour dust everywhere.

Like I said earlier, about 19% of the reserves in the new mine is literally waiting to be picked up and processed right from the surface! New technology mastered by companies like Centurion will make clean up recovery highly profitable within a matter of months.


But there’s even more in the ground!

The Sudwalaaskraal Mine lies across an enormous formation of historically and geologically proven gold reserves. Reserves ranging from 6.7 to 7.4 grams of gold per ton in the gold bearing reef are about double the minimum required for profitable mining. With gold prices rising, profits will swell almost dollar for dollar as the increased value of the gold drops straight to the company’s bottom line.
For now, I feel their stock price is a bargain because their numbers reflect a respectable valuation on their Omaruru operations alone. When the new production valuations from Sudwalaaskraal add on, shares should jump tenfold, almost overnight!

Centurion is selling around $2 now…but they’re extracting gold now…with profits soon to follow!

The Omaruru Mine has become the baseline for Centurion’s operations. It alone justifies the current $2 share price.

Add the “blue sky” of the 12-million-ounce reserves and share prices will soar.

And this story is not over yet…

Management reports that an additional, multi-million-ounce exploration potential exists on these same sites.

These findings, should they pan out, could increase production by two-thirds or more of current production estimates. In other words…

Centurion Gold Holdings has serious potential for becoming a world player in very short order. Perhaps in as little as a year!

Just as important, Centurion management has the skill and experience to make this happen.

Their president is a 30-year veteran at the top levels of South African mining. He’s also established close alliances with the black economic empowerment groups that are now modeling South Africa’s future. He’s well positioned in politics and business to move Centurion forward

The vice president/secretary is a practicing attorney in Pretoria with extensive practical experience in mining law and mineral rights, plus hands-on experience with South Africa’s new mining charters that have opened these gold fields to new companies.

On the metallurgical front, Centurion’s consulting geologist is an accredited consultant in the Johannesburg Stock Exchange, with an extensive CV in mining and civics. He keeps close contacts at the highest level of government, maintaining intimate knowledge of South African gold mining operations. In addition, his doctorate studies were conducted in the same region as the Centurion mines, giving him an exceptional knowledge of the local geography and mineral potential.

There’s a lot at stake here…and this is not a sure-thing investment. But if you are comfortable with aggressive buys that hold potential for staggering gains…Centurion is a strong recommendation to buy and hold for 12-18 months.

In a nutshell:

Advisors have simply missed this mining company… but that won’t last long now. I’m recommending a buy now because…

1. Centurion is producing gold now, and with the acquisition, will begin new production immediately.
2. At the new mine, the infrastructure is in place to beginning mining immediately. Capital costs will be modest, limited to minor modernization and maintenance needs.
3. A deeply experienced, well-positioned management team is in place to steer the mining operations as well as move forward with new acquisitions. The new favorable South African mining circumstances favor such experience.
4. The “blue sky” potential from 12 million ounces of new reserves will rocket this stock off its $2 base.




Here’s how to invest in Centurion Gold Holdings, Inc.
1. Call your broker to invest in Centurion Gold Holdings, Inc. (OTCBB: CGHI).

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