Auag, if you make a financial post I wish you would actually make it based on facts and not what appears to be plucking a figure out of the air buy you.
You posted:
"AND ... if they don't hit 10,000 oz this quarter they will probably run out of money (again) ... that means further dilution. Production HAS to be NUMBER ONE priority IMHO."
Comment:
At the end of the December quarter CTO had $4.667 million in cash. That was a decrease in cash held over the quarter by $2.92 million after receipts from gold sales of $3.2 million. Gold production was 3,513 ounces.
So where do you get your pie in the sky 10,000 ounces production needed for this quarter to break even? Where do you get your pie in the sky figure that all expenses exceed income by $4.667 million in a quarter?
What you have posted is INCORRECT, and is NOT BASED ON FACTS.
FACT: Based on current figures about 6,500 ounces production in a quarter will cover cash costs and ALL OTHER EXPENSES.
CTO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
