I'm not disappointed at all by the way... you've seen what happens to companies share price, when they carry high debt - even RIO's.
Underground development takes time - that's the reality, I expect it.
I spoke to a geologist from CTO and he was being realistic and conservative.
this company is a long term hold .. the way I see it, it has a valuable high grade resource that will be developed - so what if it takes a little longer, at least it wont stumble at the debt hurdle or go into oblivion.
that hurts a lot more.
I reckon CTO will be around for the next 30 years (at 300,000 oz/annum) .. it has plenty of gold and the gold price will spike at some stage.
Might be next decade .. CTO will be there when it does and paying nice dividends along the way.
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