progress of deep hole, page-25

I can see CTO (and its shareprice) needed to be punished to some extent for overpromising in the past and not delivering.

But I think the whacks may at some stage soon decrease in intensity as the punishers start to to reflect on the fact that CTO has a 10 mill resource, $200 mill worth of plant and equipment and no debt - and has the base to deliver truly amazing value as it ramps up !

and ramp up it surely should - we know despite the electrical Unions stalling things the power upgrade is almost completed , the declines/drives are continuing to go down on both the East and West side of Warrior, the planned increase in shifts and man hours and the opening up of even more stopes.

I'm convinced .. but the "wiser" heads may need to see further development and proof and wont mind paying $1 plus for CTO.