CTO History > Major funding negotiations >$$$, page-88

josh because the 500$ is only to mine and process the ore dug out it does not include the development costs. because the mine is only 30 percent payable ,means approx 70 percent of costs are not included in the true costs. The decline and cross cutswhich are generally 4-5 meters x4-5 meters still has to be payed for. Criss Towsey was the original jork . 10 million oz ,up from 1 million oz miraculously without extra drilling. cto have never done feasibility study, you have to ask why?.. Because it would scare the bejesus out of even the most optimistic investor Imo .the true grade allowing for dilution of Cto is way less than 13 grams and far more likely to be 2-3 grams. But very few have researched and read the cto jork report to understand this.