This older news but it's not here so i thought i'd post it as a reference to improve knowledge base

Tec

http://www.globeinvestor...

Centamin Egypt Ltd. is a Toronto-based gold exploration company active in its namesake country. Shares purchased at an average cost of 96 cents have recently traded at $1.42. The company is about to go into production with a deposit in Egypt that promises to produce gold at $300 (U.S.) per ounce. Centamin is well capitalized with over $100-million (U.S.) in cash. It should not need to go to investors for more money that will dilute the stock or to borrow in credit markets, Mr. Stonehouse said. Centamin should produce 250,000 ounces in its first year ramping up to 500,000 ounces within two more years. Assuming that gold holds at $900 (U.S.) per ounce, Centamin should have cash flow of $100-million (U.S.) in its first year, rising to $200-million per year by the third year, he explained.