progress of deep hole, page-19

There's less rhetoric from CTO this time round - we can see actions speaking louder than words.

We know - the extra power, stopes and the extra man hours and shifts are about to all kick in together.

CTO has no debt and has plant and equipment worth $200 mill - more than its current market cap. - that's been an achievement in itself.

Having no debt means it can afford to borrow to fast track to 300,000 oz if it so wishes, but I think it'll get there mainly using cash flow.

Having very low cash costs means CTO will produce a lot of positive cash flow.

CTO is very compelling right now.