progress of deep hole, page-30

Here are just a few points worth considering. The negative posters fail to understand imo:

1. What development progress was CTO really meant to achieve when all around them gold mines were closing down with a gold price around US$250?

2. Clearly imo they have a lack of understanding of what is involved in developing this under ground mine. It's not simply a matter of digging up ore and crushing it.

3. They clearly imo fail to understand what is involved in obtaining JORC measured and indicated gold resources. This is not a matter of simple, relatively inexpensive drilling on or near surface.

4. Clearly imo they refuse to acknowlede that CTO is mining gold on a profitable cash flow basis. They instead like to compare with companies like BDG (did BDG ever produce any gold on a cash flow positive basis?) while at the same time failing to note the different type of ore that CTO has in comparison with BDG.

5. Finally, it pays to be wary of the motives of anonymous forum nics. I always are, which is why I place so many posters on ignore.