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Centurion Gold Holdings Reports Value of Platinum Discovery Could Exceed $305 Million Tuesday March 8, 6:00 am ET Ferret Mining, Well-Known Geology Company, Is Contracted to Quantify the Platinum Assets Found in Chrome Project Mine to a Proven Reserve
JOHANNESBURG, South Africa--(BUSINESS WIRE)--March 8, 2005-- Centurion Gold Holdings, Inc., (OTCBB:CGHI.OB - News), announced today that its preliminary estimate of the value of the platinum reserves it has discovered in the Chrome Project mine in the Rustenberg District indicates that there could be 10 metric tons of platinum, which at current platinum prices of $865 an ounce, would exceed $305 million in value.
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you left out the bottome of that PR ...even better...
Centurion acquired the Chrome Project in December 2003, as part of its strategy to identify and acquire ore-bearing mining properties. Employing traditional valuation methods of ten percent of proven reserves, CGHI's fair value is approximately $75 million, or about $1.40 per share, without including the value of the chrome deposits or this most recent platinum discovery.
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